In my previous analysis on BTC/USDT, When the correction was started I made three support areas, you can easily see on the chart, that worked just fine.
Now, the correction channel or our Flag Pattern is broken upwards. So I Expect the price to fly high.. But how fly??
I made three different short-term target for you on the chart:
Firstly, the Flag/Channel height, that is around $63,700. If it's candle can be closed above BTC's current ATH around $62,000, We can expect our next targets to become true. I believe it will happen.. But this just my theory not a financial advice folks..
Our next target will be the Flag Pole, around $65,500 - $65,600.. This is how price let us be sure after a small correction it will move to First Fibonacci level target around $69300..
Further target needs more details on the chart. So stay tuned, because I'm going to update this idea for you in the future..
And by the way, add US President Biden's financial aid package as a strong fundamental push-up to this analysis!!!
What is your point of view or analysis on Bitcoin, I like you to share it in the comment section for me, so we can share our knowledge together.
And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :)
If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
Now, the correction channel or our Flag Pattern is broken upwards. So I Expect the price to fly high.. But how fly??
I made three different short-term target for you on the chart:
Firstly, the Flag/Channel height, that is around $63,700. If it's candle can be closed above BTC's current ATH around $62,000, We can expect our next targets to become true. I believe it will happen.. But this just my theory not a financial advice folks..
Our next target will be the Flag Pole, around $65,500 - $65,600.. This is how price let us be sure after a small correction it will move to First Fibonacci level target around $69300..
Further target needs more details on the chart. So stay tuned, because I'm going to update this idea for you in the future..
And by the way, add US President Biden's financial aid package as a strong fundamental push-up to this analysis!!!
What is your point of view or analysis on Bitcoin, I like you to share it in the comment section for me, so we can share our knowledge together.
And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :)
If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
Trade active:
Important info on the chart..
Check it out:
Check it out:
Comment:
BNB/BTC First Target is hit folks, I hope you enjoyed it:
Trade active:
BTC/USDT first target around 63700 is hit:
