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MMBTtrader
Oct 12, 2021 7:28 AM

BTCUSD at least we can look for some local correction here Short

Bitcoin / U.S. dollarBitstamp

Description

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The price is extremely bullish and is pumping from 40K support that was higher low for bitcoin and now we have a higher high too(breaking 53K resistance) that both are also a good sign for the bullish market.

but the price is also near these strong daily resistance zones and we are looking for a correction here and at least testing Fibonacci levels and then more pump or correction based on upcoming updates.

DISCLAIMER: ((trade based on your own decision ))
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Comment

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previous BTC analysis:

Trade closed: target reached

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First support zone and target reached.

because now 53K zone that was resistance zone is support zone and if it breaks then more dump to next targets is expected.
Comments
ProjectSyndicate
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looking good for sure see what we get now
ForexTrendline
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Lovely job, thanks for sharing and good luck!
Serana2324
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Great technical setup
TopTradingSignals
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Will retest ATH i think!
L_a_R_U
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Thanks for sharing🔥
FieryTrading
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Looks like a winner🔥
PolarHusk
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Very good scenarios for BTC. thanks for this update.
CobraVanguard
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Very good Idea. Thank you!
KlejdiCuni
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Thanks
Binomatic
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First target 51250 (38.2%) then 49250 (50%)
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