Buybtcusd
BTCUSD - Uptrend is coming backHello every one.
as you see on the chart.
we can see the perfect timeframe for analyzing is daily.
at daily TF, we can see the signal of reversal that comes back to uptrend structure.
with clearly signal, I will place the buy order here & wait for award in the future.
So, whats about you?
Do you believe in this market
bye bye
an update on my previous btc analysis : Longlike i said in the previous analysis, we are in the last major bull wave but this last wave (wave (5) is subdivided into 5 parts with price just finishing wave 2 of (5). wave 3 of 5 using fib extension is likely to end at 54k followed by a short retracement and finally wave 5 of 5. trade with tight stop loss and stay safe
Bitcoin Bullish Pennant, Buyer looking more forward aheadXBTUSD Technical Overview:
Day Trading Range: $6630 - $6945
Pivot: $6712
Key Resistance: $6757 - $6832 - $6885 - $6945
Key Support: $6664 - $6630 - $6582 - $6532
Technical Indicator:
Moving Average: SMA 20($6695) resistance & SMA 50($6508) strong support for Bitcoin today.
RSI: The indicator shows upside divergence & moving above level 50.
Technical Trade Idea:
Most Likely Scenario Long position above $6580 with target $6745 - $6810 in extension.
Alternative Scenario Short position below $6580 with target $6500 - $6450 in extension.
According to above Chart Technical says:
Long $6620 - $6650
Stop Loss $6572
Target $6745 - $6810 - $6885 - $6945
Thanks
YoCryptoManic