Hi, yesterday was a great day for Bitcoin, it had an amazing pump (About 2000$ 😱 just on one 1h candle).
Bitcoin Analyze (BTCUSDT) Timeframe1h.
BTC swung on the Range channel for about 1 day and 14 hours, after that the price was able to break it (to the top), and then we saw that amazing Pump breaking our main Downtrend line. in this area (Live), we have a Resistance Zone + TRZ (Time Reversal Zone).
Resistance Zone includes Fib Channel's Lines (88.6%) + Weekly Resistance 1 (38800$) + Daily Resistance 2 (38733$) + Cluster of Fibs + Bearish Crab Harmonic Pattern🦂.
Also, I found Bearish Harami (Candlestick Pattern) at TRZ.
Now, I am coming with my scenarios again 😉. I have 3 scenarios:
Scenario 1: if the price goes UP over 39380$, we can see 42000$ $ 43000$ soon.
Scenario 2 & 3: if the price goes Down to our main Downtrend line (Point A). Point A can be a Critical Point for us, better, I had to say that BTC will decide to go UP or again BACK to the under Downtrend line (UP will make my Scenario 2//DOWN will make my Scenario 3).
My Suggestion: We have to wait and find the best triggers for the best scenario.
Support zones on Bitcoin's way:
Support zone 1: 37550$ until 37420$ (Yearly Resistance 1 + Fib's lines).
Support zone 2: 36466$ until 36380$ (Weekly Pivot Point + Weekly R1+ Fib's lines).
Support zone 3: 36140$ until 36000$ (Top of the range channel + Fib's lines).
Do not forget to put Stop loss for your positions (For every position you want to open)
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the 'like' button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Good luck
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Scenario 1 is running 🔥
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New post, bitcoin analyze timeframe 4h 👍
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BTC Analyze (Play with Pitchfork's Lines🍴 + Fib Circle)
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The new post read it please: Bitcoin Analyze (Technical & Fundamental)!!!