Cryptorphic

#BTCUSDT 10%+ Rally Incoming all the way to $45k?

Long
Cryptorphic Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Welcome to this short update on Bitcoin.

Reasons to Follow me?

*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market

Let's get to the chart!
Bitcoin got rejected from the channel resistance and broke below it.
Currently, the price hovering right above the $41k area.
As per this chart, the $39.5k to $40.5k is the most important area for BTC to long.
Also, it needs to break and close above the $42.6k area in order to pump all the way to $45k+ resistance.
If you want to long BTC, the green area is where you might wanna put your buy orders. Multiple MA's support is just inside the green zone.
(Not financial advice).

Conclusion:- BTC is bullish above $38k and IMO it is a retest before the next leg up.
Looking at other major charts BTC looks bullish atm.
I won't be bearish as long as it holds the $38k level in HTF.

INVALIDATION:- Close below $38k.

What do you think?
Do let me know and hit the like button if you find this chart helpful.

Thank you

#PEACE

Trade active:

BTCUSDT 12 Hour:- All good so far. Nice breakout.
Need to keep an eye to see if this pump sustains till daily close.

Free Telegram Daily Futures signals:- telegram.me/thecryptorphic

Join My ELITE CLUB:- bit.ly/Join_elite

Related Ideas

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.