#BTCUSDT 100% Accurate Forecast. Next Move!In my last update I speculated an inverse head and shoulders to play out while being trolled because "They" were waiting for 39k and 40k level.
I've said this before not just the charts but it's also important to understand psychological aspect of BTC
s price action.
Like what could possibly be the next move of BTC while everyone is thinking of buying BTC at 40k It's not coming!
Let's get to the chart. Opening a long position below 48k was recommended I am holding and will close around 60k.
BTC perfectly followed the previous analysis with two scenarios.
Currently it broke out of the Inverse Head and Shoulders pattern.
Best time to long if you haven't yet is on the retest, do not FOMO.
Entry zone : $51400 to $52760
Expecting a 20% move from 52k level which will take us to our target.
Invalidation of this chart is a close below $47,300.
Do hit the like button and share your views in the comment section.
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Thanks for reading
#PEACE
Tradercryptorphic
#BTC Brokeout will it sustain? Latest Trade Setup!This is a short update and a folowup to my previous BTC chart which is going exactly as planned.
BTC brokeout of the important 50k resistance and is ready to reach $54k+ and eventually above $63k.
All we need os a retest to the 49.5 to 50.2k level where you can consider an entry if you haven't entered yet.
I've already said in my updates to accumulate longs below $50k
Expecting the price to hold but since this is Sunday and the weekly candle close is still 15 hours left for the close it's better not to chase the pumps and wait for the retest and confirmations to enter a trade.
Do share your views and like this update if you want to stay updated.
Your likes and comments motivate me to work more for you all.
Stay safe
#PEACE
#BTC/USD Broke the Resistance Now Ready for 9kHello guys, Welcome to this update.
BTC broke above the important resistacne Level around 7890.
It also broke above the 85D EMA (Purple line) in the weekly chart which is a very bullish sign as of now it is trading around 8130 area and trading just above the middle Bollinger Band(orange) level. It's highly likely it will try to reach the top BB line within the next few weeks which coincides with the long term Resistance Trendline since 20k. If that happens the price may surge to 9000+ area easily.This is the 7th green week so far. Also If it keeps on trading above the 85DEMA at the end of this week I'll expect 9k around the halving easily.
And after that we may see some retracement.
it's too soon to say that.
Now let's wait for BTC to show some positive momentum. I am long since 7200 and Still holding my positions.
Hope this idea helps. Please Follow me and hit that like button. It's free and helps me to make more content for you guys.
Thanks again
#Peace
#BTC/USD Ready for $12k?Hello everyone. Thanks for coming by to my new Update on BTC.
#BTC seems to be going a bit sideways for the next few days.
The long term lower trendline support turned resistance is now broken and could easily work as a support.
Other Important Support Levels: $8700, $8300 and 7982 which also happens to be the 200D MA.
I think if we can break above the Orange Triangle we BTC will officially enter into a new BULL RUN.
IMPORTANT RESISTANCE LEVELS: $9300, $10400 and $11800. If BTC manages to break above these levels we can easily see BTC reaching the $12000 mark after that we can witness a huge retracement.
All that we need is BTC to hold the lower orange line as a Support. Break below this could lead btc to low 6ks and even 5ks. Unlikely but possible!
Stay tuned I'll update other ideas with shorter TF for you to understand.
#Please hit the LIKE button If you like my charts and follow me for such updates.
Thanks again.
#PEACE