Welcome to this quick Sunday Analysis. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
BTC was forming bullish divergences since yesterday I updated in my previous update that BTC will bounce from there. With the current market situation, it seems we can see some bounce from here. Once 45>6k is breached in a 4-hour candle close, It's highly likely that BTC will pump to the 48K area.
Important support level:- 45k Resistance levels: 46.5k, 47.2k, and 48.12k Expect some retracements to the mid 45ks or even wicking below 45k for few minutes. ALL EYES on weekly close!
Important Note:- BTC must hold that 21Weekly MA in this weekly close. Only a close below this level could end this bullish momentum. I need you to know this to stay ahead in the market.
ALSO, I posted about Pasta Finance in my previous updates. BTC is looking bullish in the short term so it can rally from here. Posted around $.28 and it pumped all the way to $1+ Short-term traders took some profits and it corrected to $0.40. I am stacking it to make more Pasta. My target is above $6 to $10 in the mid-term. I don't intend to tale short-term profits and eventually end up buying higher. Currently hovering around $.43 Which is a good support level. This is a good range to buy if you are thinking to go for some risky trade. As I mentioned before, I know the whales could just start to pump this meme coin - expecting huge pumps and also corrections (Depending on BTC)) in the next few weeks. It is highly likely to follow like Doge. I am observing the big addresses. None of them have sold a single coin even at $1. I expect this one to do well in the next few weeks. Nowadays memes are doing way better than the actual ones tbh.
But do your own research, This is not financial advice.
What's your thought on this and on BTC in general.
Do you think this correction is over? Do you think BTC and Pasta could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
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As long as this channel holds and BTC doesn't break the 42k level it's highly that BTC would rally to the upside. Braking this channel to the upside.
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*Breaking
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Click on this image to read the latest forecast on BITCOIN!
Would appreciate if you do another analysis on Pasta
CalmSteady
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isn't that a hidden bearish div. as well?
bestfarbit74
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we go long for sure but still moving into my channel and I think the blue area might test soon before uptrend
Dexter_The_Trader
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Your BTC updates went top-notch. I hear everyone talking bearish about BTC but said it differently.
On the other hand, your call for pasta was amazing. Indeed, the delicious pasta I have ever tasted. Made good money out of it.