BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
#BTC

#12H

Hello folks! After our successful TAs for Bitcoin , Here we are with yet another market analysis for #BTC

Let’s revise what happened earlier:

In our last analysis around 3200 price point, we predicted a temporary uptrend which we expected it to rise upto 3800. #BTC reached 4200 and stabilized which was a good sign for a trend reversal.

Meanwhile, market was still unsure about the movement so we provided you guys with Binance Scalping trades & BitMEX margin signals for you to take short-term profits!

According to Elliott wave analysis & comparing various indicators to that of previous region we can come to the conclusion that Bitcoin is now done with consolidation zone & can continue with the uptrend.

#BTC is now priced at around 3580 (Binance Rate) & entry is recommended at current prices, having your stop-losses set.

Stop-Loss @ 3450 $


In case we break below 3450 region, our previous scenario will come into action & Bitcoin may even plunge down to 2650-2750 region.

Good Luck!

Crypto Club Technical Analysis Team.


#Technical
#BTC

@Cryp2Club
Crypto Club TA team

Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.

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thank you for sharing it
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You have the right triangle, but breaking out the wrong way ;-)
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