Hey guys today i'm going analysis BTC/USDT pair, let's begin...
1)In bottom BTC formed Ascending Triangle and successfully breaking out to the up-side, after that again BTC successfully flipped previously support into acting support, so this is important.
2)After parabolic move from Ascending Triangle we formed Bull Flag now,so we all know BullFlag is continuation pattern, (How Bull Flag Formation Is Working)-first we need parabolic move after that some consolidation movement, in this case BullFlag formed Resistance and Support level and price jumping from Support to Resistance, if price can breakout from BullFlag Resistance level we can see previous parabolic move again, so now BTC trying to breakout, if we close daily candle above $21,700 then BTC target must be $27,000.
3)BTW if we look last whole 2022 year we saw dump and then sideways and again dump, so now again all the same but INVERSE, we will see some parabolic move and then some correction or sideways movement after that BTC will go up again.
If this analysis is helped somebody i'm much appreciated))) BTW like if you agree,don't forget from below check my long term analysis on BTC.
1)In bottom BTC formed Ascending Triangle and successfully breaking out to the up-side, after that again BTC successfully flipped previously support into acting support, so this is important.
2)After parabolic move from Ascending Triangle we formed Bull Flag now,so we all know BullFlag is continuation pattern, (How Bull Flag Formation Is Working)-first we need parabolic move after that some consolidation movement, in this case BullFlag formed Resistance and Support level and price jumping from Support to Resistance, if price can breakout from BullFlag Resistance level we can see previous parabolic move again, so now BTC trying to breakout, if we close daily candle above $21,700 then BTC target must be $27,000.
3)BTW if we look last whole 2022 year we saw dump and then sideways and again dump, so now again all the same but INVERSE, we will see some parabolic move and then some correction or sideways movement after that BTC will go up again.
If this analysis is helped somebody i'm much appreciated))) BTW like if you agree,don't forget from below check my long term analysis on BTC.
Trade closed: target reached:
Target Was Reached $27K
