BTC topped 69,000 and now trading at 30,000, But BTC can drop more to 10,000 level. The chart tells it all. What do you think?
- Since BTC touched 32,917, the whole market is in pain. But the strong pullback to 41,772 from 37,026 on 04 Feb has changed the bearish sentiment: new trend emerged. BTC touched 45,821 and trading above 41,000 support level. - EMA 14 crossed EMA 21 is a key bullish trend in the short term. My view is that BTC will trade above 41k for the time being, testing...
This too shall pass. Here we start a new wave for the new year 2022.
It seems that BTC is forming the W pattern. Watch closely the price action for the next several days to open your Long position.
LUNA is starting the 5th wave which can reach ATH at 150. LONG and don't forget to set SL/TP.
Will DOT go down further or go up to start the 5th wave?
MATIC/USDT is moving in parabolic direction while the fundamental is strong. The future is bright.
SAND/USDT is starting bullish trend again to ATH. Fundamentally, metaverse games are still early and in strong momentum.
I am watching MANA/USDT breakout to ATH again if daily close is confirmed above EMA 20
While BTC will stay around 50,000 for the next several weeks, the price action and EMA show that ETH will reach ATH by 31/12/2021 and lead other Altcoins to new ATH too.
For the next 7 - 9 weeks, bulls will try to attack the resistance line. Price may go as low as 37,000 - 40,000 before bulls win the game. If not, price may go to 30,000.
USD 50,000 is key support level to watch at this moment. If BTC bounces back from this level, we can expect a rally to new ATH by end Dec 2021. If it break down USD 50,000, it may trigger sell off and price can go to 40,000 level.
Considering bullish RSI, UP will be the way to ATH. Daily close above 215 will be confirmed for buy signal.
If ETH/USDT 4H close above 4800 is confirmed: Long to ATH If not: Short Considering RSI is overbought, Short is better trade.
SHIB/USDT 4H breakout confirmed. Trading volume is increasing. We can expect rally in the coming days. Good luck to all.
If BTC/USDT 4H close above 57,500 today, the breakout is confirmed. 60,000 is 1st target, 65,000 is 2nd target.
IMO, BTC/USDT will make or break at 50k support level. 20% capital allocation is reasonable.
Current sharply drop cause lot of pain and nervousness for investors, holders, traders ... of BTC and Altcoins. This is not NEW. Stay calm and do not use too much leverage. BTC is the WAY to freedom.