Get started

Fall

BTCUSDT broken trendline and more pump to 70K or fake breakout ?Usually, after breakouts like this, we expect huge pump and more rise for price and hitting new highs but bitcoin is getting a little weak after that huge amount of rise in previous days and also the price is receiving 60K resistance zone so we can expect fall and correction but only if the daily candle close below this red trendline once again. Notice: we are looking for a correction here and the conformation is daily close below red trendline else price can easily pump more and touch ATH or even 70K. DISCLAIMER: ((trade based on your own decision )) <>
Short
by MMBTtrader
16
***VERY IMPORTANT BITCOIN UPDATE***!!! RED ALERT!!!Hello folks and welcome to this 'RED ALERT' BTC update on a daily timeframe. If you haven't click the 'follow' button then do it right away. Make sure you read this analysis thoroughly. As you all know that BTC did exceptionally well after the sudden fall from $52900. Everybody in the market (including myself) showed the bullish scenarios for BTC which was a good thing. But is BTC really bullish? To answer this question, let us observe the chart carefully. Bitcoin is forming a bearish divergence in the daily timeframe which is not a bullish sign at all. In Feb 2021, BTC formed a bearish divergence, and in May 2021, BTC dropped and fall almost -52%. It took exactly 3 months, where the market was creating a hype that BTC will break its ATH but it turned out totally opposite. Now, we are here again with the same bearish divergence. July 2021 is the month when this bearish divergence formed and after its formation, this is the 3rd month running. So, you guys are smart enough to guess what could possibly happen next. Ok, so, if BTC tends to fall again then what will be the possible exit plan? Well, according to the chart, BTC should hit the $50k mark once again, and then we may see the dump. But if the market shows some bearish sign then we have to deal with it. However, on the other hand, if BTC breaks above the $52k resistance then it will be a completely different story. Currently, BTC is making a move above the 21 MA (this is exactly what happened in May 2021). The important areas we need to observe as per the daily chart are:- 1. BTC bearish divergence. 2. 21 MA & 50MA bearish crossover. 3. BTC reaching the $52k resistance. I seriously don't want BTC to go bearish rather I want BTC to break the ATH but we all need to face the reality. In my honest opinion, after observing the chart, I am biased towards the bearish side of the market. I may be wrong on this and my chart may get invalid but I am aware of both the bullish and bearish scenarios of the market. If you find this T.A useful and worth it then do like and share it with your known people. What do you think about the BTC price action? Is BTC gonna reach its ATH or is it another trap? Share your opinion in the comment box. Trade safe.
BITSTAMP:BTCUSDShort
by Dexter_The_Trader
4
BTCUSD time to see a correction after that huge pumpSimple and easy this daily candle until now is showing us 57K or 42K as targets. As it mentioned on the chart too we are looking for the start of correction over here and then targets like: A. 47000$ B. 45000$ C. 42000$ Notice: why we mentioned 57K at the beginning of this analysis? because if and only if price mange to break the resistance of 53000$ and this red daily candle gets green and bullish then it can easily pump and hit a new high here. Notice2: take look 4H chart that is linked below and see the major resistance zone that remains valid and the reason that 53000$ is an important zone. DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDShort
by MMBTtrader
69
XAUUSD near strong resistance zone and it can see correctionAs we can see price now is receiving trendline resistance and we have daily resistance near 1810 that both can dump price to our targets. Notice: if the price pump to the 1915 resistance, that it is the last local resistance here and it manages to break it then it can easily continue pump and reach targets like 1930. Targets and supports ahead: A. 1790 B. 1780 C. 1770 DISCLAIMER: ((trade based on your own decision )) <>
OANDA:XAUUSDShort
by MMBTtrader
20