BTC seems to be moving in wider green channel and then short blue channel. Blue channel is where BTC had been moving in since last one month. If it break down then we might looking at 40k levels. Blue support line and then lower end of green channel to provide support to sustain upmove. Risky traders can consider trading channel.
Unable to break 45000, Many resistance to take off,(47k and 49K 50k) Support at 41K, 40k and 37k on downside. Can think to long at lower end of blue channel. Personal Bias Neutral
Quick trade - SL ~38650 , keep trailing stop loss Increase long above 39425 Low volume is a problem and thus move might not be sustainable
Not a proponent of coin personally but given it's marketcap, it needs to be on watchlist. Euphoria seems to be over and uptrend won't last if it goes down and breaks blue channel. BUT why is there too much of negative news suddenly(Elon musk cautioning, Barry silbert disclosing short position).Is someone filling bag? Time will tell.
Post first resistance(20.81)longs should target 24-25 zone which is second resistance. Post 24-25 zone fresh long can be initiated.
Following up on previous idea, now it might be readying up for next rally or correction? Personally biased towards long but depends on broader market. 30->36->48 or 21->15 Will trade following trend line which it seems to be respecting so far.
Long above 0.00923 for T1 0.0109 and T2 0.0135 and then further up targeting upper range of blue channel
Nearing resistance of 0.206. Should be able to clear red trend line. Market seems good and thus it can test resistance(violet) and quick movement to test next resistance(violet) and trend resistance( 2nd red) could happen. BTC should hold to give VET bullishness. Check BTC idea through link below.
Bullish for ATH? Seems to be in Yellow parallel channel and also W channel. Breaking out of Yellow prallel channel shodl lead to ~62K and above it should target 75K.Weekly expiry holds key.