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Btcusdtrade

#BTC UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC/USDT ANALYSIS BTC is retesting over the descending channel and trading above the Ichimoku cloud. Volume is going in favor of bulls, as we can see in the current wave that bulls are still dominating. BTC is taking a correction to balance the wave structure, and a strong bullish rally is expected just after the completion of the corrective wave. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank youvel of $21300.
by CRYPTOMOJO_TA
2
BTCUSD heading higher after retesting 4h support at 22860So the last post talked about getting the support around 22860 and bounce. It bounced yesterday and again today from that level which is 4 hour support area. Now it has blasted through the recent 4 hour resistance sitting at 23200. Price is also trading currently above the monthly resistance and inside the weekly resistance zone. Lets watch the price action but it is looking promising. I think it is going to cross the recent high as it has higher probability but before that there could be a retest of 23200 level.
Long
by angela_altair
BTCUSDT Weekly Close UpdateIt seems, BTCUSDT could not push price through the weekly resistance. There was not enough demand at this level and now it has been put back into the old range. It seems it needs to gain some more momentum before it can break out through this weekly resistance level at 24336 level. The price has fallen also below the monthly resistance. Usually it will not be that relevant if there are many days for the monthly candle to close. But here we have only a day left and that can become a cause of concern as that may trigger a larger pullback before any further upward move. However, there is still possibility of price to put a bit further upward into the weekly resistance and consolidate there during the monthly close and a breakout later through weekly resistance after some more consolidation. Let us see how the price action develops today and tomorrow.
by angela_altair