BINANCE:BTCUSDT passed main channel a few month ago.
As you can see the reaction of price is pretty good to the Middle Line of the channel.
The bullish move is so strong that the probability of reaching 50K is low but if the rally continues 50K area is a sweet spot for BUY.
BINANCE:BTCUSD next target is around 22000. But due to extremely high supply pressure last month, the probability of going deeper than 22000 is high. Be patient and just keep watching for now.
If you want to buy BINANCE:BTCUSD , do not buy your whole capital. Stick to your MM rules because a further decline is expected.
I am posting this Chart for my own history records. like my other analysis before I only post once in few months on best bets. Now BINANCE:ALGOUSDT is in a very rare and great situation for short-term up to 3.4 and long-term up to 90!
don't miss this opportunity.
Happy Trading
btw, I linked to my previous BINANCE:BTCUSD Analysis which worked great.
According to the previous Analysis linked below COINBASE:LTCUSD reached our defined target and continuing bullish move due to stron momentium of Trend. Take some of your profit and let the rest RUN!
Take most of your profits or wait for a correction. It might continue the trend a little more but risk factor is increasing a lot. trading is about risk control
Very Strong #bullish trend on BINANCE:LTCUSD .
In long term chart a #cup_pattern is forming to 400$ target.
Don't forget to respect Money Management for the worst case.
Enjoy the ride :v
Bitcoin is reaching the top of triangle and within 3 4 month it is going to reach 20000 to complete the Cup Pattern.
Link to my previous Analysis provided. As you can see Bitcoin follows Technical Analysis rules perfectly and 4000 level predicted before
BTCUSD after breaking 8600 trendline tries to hold the position for future buy trend but the probabality of breaking 8600 Support level is High then plunging into 6100 Support level.
The long term price pattern is a big Cup and Handle pattern moving toward 20 000 but we are trying to identify the safest and fastest BUY position
