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BTCUSDT: IS IT REALLY TRYING HARD ??Hello !! Welcome to the quick update of BTCUSDT. It is currently trading around $ 21400. With the last low of 17600, it bounced pretty well all the way until 21600 thereby hitting the immediate resistance. As of now, it is trying to retest the 19k mark but failing to do so and regaining the 21k mark. As per the charts, it is evident that the price can take a dump if it breaks the triangle pattern. BTC is at a decisive point that can impact the market both in a positive as well as negative manner. I suggest everyone wait for a confirmed breakout or breakdown before making any trade decisions and let BTC decide its way ahead. Till then stay tuned and trade with caution with strict STOPLOSSES !! This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
3
BTCUSDT : WHAT'S NEXT ??Hello !! Welcome to the quick update of BTCUSDT. After breaking the initial support of 28300, BTC took a deep dump. It tried to sustain at the 26k level but eventually fell off making a new low of 20100, which is down almost 70% from ATH. It took a pump from 20100 and is currently trading around 22K. In order for us to be bullish again, it needs to break the 28k level, below it we are still bearish. The various scenarios are mentioned in the chart, if BTC breaks the 20k level, we can see it dump to 17k followed by 10k in the worse case. Let's see how the market reacts and wait for the right moment to enter any trade. The market is still very uncertain, and unstable and I would suggest everyone hold their patience and wait for a clearer picture and trade only after confirmations. As of now, please take trades with caution and with STRICT STOPLOSS else you might end up blowing your trading account. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
4
BTCUSDT : IS THE STORM OVER ??Hello !! Welcome to the quick update of BTCUSDT. As of now, we saw that BTC pumped until 30600 all the way from 26700 thereby pumping the altcoins. In my opinion, we are still very uncertain as this might end up being a trap for everyone. I suggest everyone wait until it breaks 32000 and then we might see some bullish momentum. As of now, 32000 seems to be the first resistance. We also need to wait for the weekly close as I discussed in my last chart as that will decide if we can go further down or stay above 32000. There might be one scenario of BTC retesting the 32000 and again taking a dump until 29000 or the other scenario might be it crosses the 32000 mark and touch the 33700 level. The various scenarios are shown in the chart. The market is still very uncertain, and unstable and I would suggest everyone hold their patience and wait for a clearer picture and trade only after confirmations. As of now, please do not take any trades else you might end up losing your capital. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
BTCUSDT DUMPS : ALTCOINS BLEED BY MORE THAN 50 PERCENTHELLO !! Welcome to the quick update of BTCUSDT. in the last few days, we saw BTC dumped badly after it broke the immediate support of 33000 and 31000. As of now, it is trading at around 27600 and is down by almost 19% from last week. As of now, it needs to push the price above 29200 in order to move up in the weekly timeframe. If the weekly close is below 29200, we may see BTC dump more until 19200 and then take a U-turn. As of now, everything is uncertain, Altcoins are also taking a major hit and are down by almost 50%. As of now, I would suggest everyone stay calm and be a spectator in the market, let the market make the move and when the time is right, we may take entries but it is better we wait now and have patience and save our capital. As of now, please do not take any trades else you might end up losing your capital. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
WARNING : IS BTCUSDT APPROACHING 33000 ??Hello !! Welcome to the quick update of BTCUSDT. As I said in my last chart: BTC could dump more and may take a bounce from either 35000 or 33000 as it broke down the long term bear flag. As seen in the last 12 hours, BTC was unable to hold the 35800 mark and broke down the 1st level of support i.e. 35000, touched 34200, and is currently trading around 34600 at the time of writing this post. As of now, I guess BTC is retesting the 35000 level before taking another dump until 33000. The last hope for BTC is a rebound from 33000 and take an upside momentum. The market is still very bearish, uncertain, and unstable and I would suggest everyone hold their patience and wait for a clearer picture and trade only after confirmations. As of now, please do not take any trades else you might end up losing your capital. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
1
BTC DUMPING : WILL IT SUSTAIN 37000 ??Hello, Welcome to the quick update of BTCUSDT. As stated in my last update, I think we are still not bullish on BTC as it has a number of resistance that it needs to break before hitting 48000. BTC managed to touch 40000, bringing a rally in altcoins. Unfortunately, It couldn't hold the 40000 level and it dumped badly and the altcoins also took a major dump. As of now, it is holding the 37000 level i.e. the major support. If it breaks 37000, then we may see 35000 to 33000 levels. I think it should hold this level as it is major support and we may see a pump until 38800. I think it's better we wait for the right moment to enter any trade and wait for confirmations. Please be safe with your positions and invest wisely. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
2
WHERE IS BTCUSDT HEADED : 33000, 35000 or 37000 ??Hello !! Welcome to the quick update of BTCUSDT. From a long time, it was trading between 37200 and 39300. We saw a pump from 37200 until 40000. BTC suddenly took a dump until 37000 again breaking the bear flag downwards. Unfortunately, BTC was unable to hold the 37000 level and it broke the initial support. As of now, BTC is tarding at around 35800 and I think more dump is incoming. As we can see in the charts, the respective resistance and support levels. In One scenario, BTC can come to 35000 and then pump until the next resistance R1, followed by R2 and R3. Whereas in the second scenario, it may come until 33000 and then pump until 35000 followed by 37200 and 39300. As of now, we are very uncertain and the market is very unstable. I suggest everyone to hold your patience and wait for a clearer picture and trade only after confirmations. Till then be safe and wait for the right moment. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
BTCUSDT : SHOULD YOU BE WORRIED ??Hello !! Welcome to the quick update of BTCUSDT. As posted in my last chart, BTC was taking major support from 39200 again and again and was making a move until 40000. But, the move didn't sustain and there were very less buyers at the 39300 level. After taking multiple support from 39300, it eventually broke it and went all the way until 38620. As of now, the 39300 level has turned into the new resistance and needs to break in order to make a move further. We saw some buyers at the 38620 level which pushed the price to 39200, as of now we can see that BTC is retesting the support turned resistance and there can be more downside momentum. The important levels are marked in the chart. I expect BTC to retest 39300 and again dump until 37600 before making a move upside. Please stay vigilant of your trades and wait for confirmation and the right moment to enter any trade. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Short
by ScramblerG