Welcome to this quick update, everyone. BTC broke on 4th Feb, do you remember the chart that I have posted on 4th Jan? If not, check it out, I'll leave the link below this update. Though I got a bit drifted away with the short-term charts, BTC did manage to close above the 38k level making it bullish in the short term. This was the surprise I have been talking about.
So the question is what's next?
IMHO, BTC broke out nicely and is ready to go up only if can fulfill these conditions:-
1. Holding the 38k level on daily 2. Closing above 21MA in 2 Day chart (15 hours left for the candle to close) 3. USDT dominance breaks and closes below 21 MA in the 2-day chart. 4. Weekly close above 51.5k for new ATH
All this bullishness could end up being a big trap if the 3rd condition doesn't get fulfilled in the next candle closes.
Also, the 38k level has not been tested yet.
So be careful trade mostly the short-term setups. I'll keep you posted with this chart.
What's your thought on this? Do hit the like button and share your views in the comment section.
these guys post charts in both directions and then whichever is right will be at the front.
ARTA
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Who can even trust you ?? you were posting that bitcoin going down for the past month now when its gone up you are saying opposite .You people have no credibility what so ever
cryptomania0786
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@ARTA not every one is same. I posted on my telegram that btc is going to fall to 29k when btc was at 48K and then it touched 32k and then I predicted that if it closes above 0.5 level in weekly candle then it is buy buy till 44k.