TradingView
Babenski
May 30, 2023 1:48 PM

Will BTC hit 40k soon ? Long

Bitcoin / TetherUSBinance

Description

BTC / USD

–Bitcoin bounced off from 25800$ in support with the parabolic curve i shared in my previous idea check here :




– We can also notice a bullish MACD cross over in daily chart, This is usually a good bullish signal for BTC


Just check last previous MACD crossover in march 2023 and November 2022 both followed by 40%-50% Bullish wave for BTC and all market

Based on the above my targets remains 36k-40k
Invalidation: lose 25k

Do you agree ? Yes or no

Share your opinion in comments section and don’t forget to support by likes (rockets) for more setups

Comment

In small time frames we can see a falling wedge
For bulls side , we need upward breakout of the pattern

Comments
behrouzbabaei1980
in daily chart ,btc is still bearish but if daily candle close above 30000 we can say that its bullish...
now there is a good daily orderblock between 24000-25000 and is not mitigate so i think btc going up after meeting this orderblock
Babenski
@behrouzbabaei1980 well we discussed this before… majority of traders are waiting this area for buy .. either we never reach it or drop much much below it .. so i consider 25800$ was enough drop

Anything below 25k will invalidate my bullish bias
Goldenbreakout
@behrouzbabaei1980, I think BTC have high chance to enter up 40K
Mohsenmohtashami
Such a risky idea
Babenski
@Mohsenmohtashami, yes we are in tricky area not out of wood yet but also possible
SwallowPremium
It’s a good work. When would be the best time to enter with position?
Babenski
@SwallowPremium thank you .. best approach is buying partially until the picture becomes more clear
TheNewsCrypto
Perfect
Crypto_Cam_1
it honestly doesn't make sense for btc to go to 40k right before the halving is going to take place , it's definitely going to 25,500 then if will do what it has done for the last decade, dump during summertime
TradingShot
Very professional piece of work!
More