BTC short term trade - Our bitcoin target is $22600Hello colleagues! 👋
The fight for the Bitcoin growth trend continues. Yesterday, August 24, at 19:00, buyers managed to update the local maximum and stop at $21,900. However, all the sellers were able to do after such brazen actions of the buyers was to adjust the price of BTC within 3 hours:
Something similar happened on the night of August 23-24,
Today is an important day for buyers to make the first push of Bitcoin to $22,650. This is the first mark from where sellers can continue the downtrend. However, in the current price range, the strength of sellers is clearly insufficient. Local attempts by sellers to slow down Bitcoin's growth could push BTCUSDT price into a local triangle:
The lower limit of this triangle is $21440. This level is essentially irrelevant in the global picture. However, this is now a local support point for buyers to confidently take control of $21600 (this mark is not yet under the control of buyers).
Therefore, in the short term, you can take a risk by buying BTC in the $21440 range with a target of $22,650. However, it is worth placing a short stop order (approximately $21,200).
More confident trades for growth should be taken after the first impulse of Bitcoin and a confident breakthrough of the $21,650 range.
Bitocinusdt
BTC - Support LevelBINANCE:BTCUSDT
Here we are on a significant support level of BTC and as you can see still we don't lose that.
Also as you know we had divergence is 1H and 4H ,
So I think now is a little late for the short position and please be careful,
Let's try the power of this area and then we can make a new decision.
This is not a signal, I just want to say please don't play with your money and ignore your emotion.
Good Luck
BTC rebound - 85 K next ATH this yearHi guys!
Let's see the RSI on both pictures. We have this hudge diverge. All the locals hights of BTC had lowe hights for RSI and pullbacks. Now we are aproaching the moment we will break this divergence.
Don't forget the MACD that screams BUY.
I know, all fundamentals are saying I should be bearish and especialy on the riscky assets, I'm verry bullish on BTC.
We will see.
My personal opinion is that we could see 50K in a couple of weeks, maybe much less time...
THIS IS NOT A FINANCIAL ADVICE!
It's just my personal opinion!
CHEERS!
TAKE CARE OF YOUR HARD MADE MONEY!