XBTUSD | Strong Resistance Ahead Again | Decision Time
Updated
Hello World again,
I have posted the XBTUSD weekly analysis, that what i am thinking for now about the market. if we look ALT coins for past 2 weeks so all ALT's are showing their strong upward movements except major ALT's and if we look XBTUSD so it is also continuously moving upward side few weeks without any strong correction yet. And now BTCUSD is trading below it's strong resistance of Oct-2019 ($10500) and third failed to break and currently trying to break but there are some others bearish points that i would like to share with you also.
Currently everyone considering BTCUSD as in Bull trend, I also but not confirm bull yet.
Why still thinking about BEAR
* Volume on Weekly TF decreasing
* Stoch RSI oversold and can be turn bearish
* Recently rejection from ($10473)
Why BULL
* Weekly MACD Bullish turned
* Monthly MACD Bullish
* Some Major ALT's starts to move up already Like: NEO, ADA, ETC etc.
I shared what i am currently thinking about the market. If you thinking something different so please tell me about your opinion in the comment.
Hit LIKE,
Thank You.
I have posted the XBTUSD weekly analysis, that what i am thinking for now about the market. if we look ALT coins for past 2 weeks so all ALT's are showing their strong upward movements except major ALT's and if we look XBTUSD so it is also continuously moving upward side few weeks without any strong correction yet. And now BTCUSD is trading below it's strong resistance of Oct-2019 ($10500) and third failed to break and currently trying to break but there are some others bearish points that i would like to share with you also.
Currently everyone considering BTCUSD as in Bull trend, I also but not confirm bull yet.
Why still thinking about BEAR
* Volume on Weekly TF decreasing
* Stoch RSI oversold and can be turn bearish
* Recently rejection from ($10473)
Why BULL
* Weekly MACD Bullish turned
* Monthly MACD Bullish
* Some Major ALT's starts to move up already Like: NEO, ADA, ETC etc.
I shared what i am currently thinking about the market. If you thinking something different so please tell me about your opinion in the comment.
Hit LIKE,
Thank You.
Note
Still BULL are in control, not confirm yet, many good news but wait for breakout confirm, Stay alert also, $120 Million USDT printed today, and US Bank gave green signal for Bitcoin and Crypto custody, Stock are in green. Many people gave LONG signal but act after the breakout or SL hit, then LONG.SL:$9450
Note
Stay alert for today.Note
BTC is at it's strong resistance of ($11500), and today weekly closing above $11500 brings ATH, Today closing is very important for BTC, below this level BTC is in a critical situation. Keep an eye on today weekly closing.Our idea still valid for both up above $10500 and Down below $10500 level.
Note
We have gained a strong rally in #BTC, Holding above $14800 with Strong resistance of $16000.Happy Trading.
Note
Happy LONG RUN, BTC 2021 $80,000 Last wave left for the bull run.
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