Now will be important reaction in the circle. For uptrend we need to close above trendline and retest with good buy volume. I will close my longs from 51k on this level and I will be waiting for reaction.
Now is BTC on the strong trendline. If bitcoin holds this level then will go up. If break this level and will go down next support is around 48k. It is very importatnt to hold 52k level....
Anyway bitcoin is still cheap and every bigger correction is good oportunity to buy:) For the uptredn confirmation is importatnt to close daily candle above 56k.
Litecoin didn´t have strong uptrend like other coins. It´s my bullish favorit coin for next days. Take longs now, we are on strong trendline level. If you check LTC/BTC you can see growing buy volume.
I am expecting big move on bitcoin soon. Volume is going down and many traders are waiting for market reaction. I am still bullish personally. BUT!! In the past bitcoin made fake break up, then go down and after this crazy movements went for new ATH. Be careful in trading because triangl formation is somtimes very tricky...
If btc will be in this channel it can go for new ATH. Some rally will be today or tomorrow because reatil traders will buy btc...so, we can take longs and trade with them:)
Yesterday I wrote about head and shoulder pattern - it is not valid now. We closed above 49k and this is good for bull. But still we have strong trendline what we need to break and close above. Bitcoin retested 47-48k like support and this support is now really strong. So if will be some dump you can expecting some bounce up from this area. Now we need to wait...
Bitcoin is still in correction. We have 2 scenarios. First - you can see pattern head and shoulder. I am not pattern trader BUT this pattern see many people, so we should be careful - means correction will continue. Second scenario is go for new ATH but we need to break and retest many resistance, for this is necessarily bigger buy volume..So - long term is...
Index is out out rising channel. You can see that happened also last month but with returning quick return. First rule don´t go against America. So wait for pullback in an important areas.
BTC retested level 51-52k exactly what we predicted. Still we are in correction and is possible to go retest area around 40k. Put the limit orders on this area, there will be strong bullish reaction.
Litecoin made almost nothing. All big alts made new new ATH except LTC. Sell volume is going down... focus on this coin, maybe soon will go strongly up.
After long downtrend we have good bull reaction. Need to retest EMA200 and close above. This setup make sense because BNBUSDT has still potential for grow.
