#BTCUSDT Analysis is ready for a move.
Updated
BTC did hit the $51800 level after my previous post.
For now, it is stuck between 47k and
52K range.
Support is 47k and the resistance is around52K to 
54K
I've said this before we need to break the upper resistance level for BTC to do well again.
It starts with a successful close above the 21D MA in 4 hour chart..
With this close BTC will successfully close above the purple channel and could easily pump towards the52K level if that happens. I have two scenarios in my mind which I have drawn in this chart. Let's see how the price follows..
IMPORTANT NOTE:- SEE THE FACT IS NO ONE KNOWS IF THE BULL MARKET IS OVER OR IT'S JUST A CORRECTION BUT IF. YOU LOOK AT THE CHART I DON'T SEE ANY BLOW OFF TOP YET.
So, honestly, IMO this is an accumulation before a new rally..
I repeat, it’s just my opinion, not financial advice.
I am staying vigilant and waiting for the right time to enter the trades.
No hurry, No FOMO.
Enjoy your holidays
What do you think?
Do hit the like button and share your views in the comment section.
Thank you
#PEACE
For now, it is stuck between 47k and
52K range.Support is 47k and the resistance is around
52K to 54KI've said this before we need to break the upper resistance level for BTC to do well again.
It starts with a successful close above the 21D MA in 4 hour chart..
With this close BTC will successfully close above the purple channel and could easily pump towards the
52K level if that happens. I have two scenarios in my mind which I have drawn in this chart. Let's see how the price follows..IMPORTANT NOTE:- SEE THE FACT IS NO ONE KNOWS IF THE BULL MARKET IS OVER OR IT'S JUST A CORRECTION BUT IF. YOU LOOK AT THE CHART I DON'T SEE ANY BLOW OFF TOP YET.
So, honestly, IMO this is an accumulation before a new rally..
I repeat, it’s just my opinion, not financial advice.
I am staying vigilant and waiting for the right time to enter the trades.
No hurry, No FOMO.
Enjoy your holidays
What do you think?
Do hit the like button and share your views in the comment section.
Thank you
#PEACE
Trade active
Not much changes yet. Same PA. Stucked between
46K adn 48k..Let's see how the weekly closes.
Trade active
Once this Rising channel in USDT Dominance breaks to the downside we will see fireworks in the market.
Trade active
Unless BTC breaks the 53k resistance level. I'll just sit tight and wait for the right time.
Daily Signals:- telegram.me/thecryptorphic
Coincatch:- bit.ly/15000USDTBonus
Bingx:- bit.ly/4000USDTBonus
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Coincatch:- bit.ly/15000USDTBonus
Bingx:- bit.ly/4000USDTBonus
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.