ArShevelev

Bitcoin: another Fake breakout or Trend Reversal in Play?

BITFINEX:BTCUSD   Bitcoin
Hello, we see this FOMO breakout from yesterday Tether news, but what exactly it was?
Well on the chart we see big resistance (yellow trend), and price still under this line.
As we know from the past $6800 is very important Resistance/Support level, which can be used as bullish entry for this year.
Now price under this level on every exchange.
Price in a range of $6400-6800 (some exchanges are $6300-6800)

CMF moving in Descending Wedge pattern:
Moving Averages on Daily chart acting like resistances

^And as you can see on some exchanges price still Under Resistance of Yellow triangle.

So my point is to going long on strong breakout of 6800 on most liquid exchanges, targets as shown on chart. Untill that moment - stay away from any active ALT_USD position.

This is my Bitcoin Price Prediction!
Good luck and have fun!

🔵 🟡 𝗙𝗥𝗘𝗘 & 𝗣𝗥𝗘𝗠𝗜𝗨𝗠 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: t.me/+5hlxWmhHaKplN2Rk

Enjoying the content? Here's a free way to show your support!
Sign Up and get Special Bonuses:
🔵 toobit.com/t/ArShevelev 🔵
🟡 bybit.com/b/ArShevelev 🟡
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.