prem_sagar
Long

Will Bitcoin Reach 10,000$ before halving ?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello Viewers do like and comment on my idea if you agree with it
have any questions about the idea ? comment in the comments section below :)

1. Is Bitcoin still bullish ?
Ans : Yes according to the pattern observed in the 4 hourly chart
Double top patter can be found on the 4 hourly chart ( Bullish Divergence )
A key trend Line is present at 7555$ level

2. What indicates the pattern is failed ?
Ans : if a candle is completely formed below the 7555 trend line it would indicate a strong bearish trend


3. In what other cases will the current bullish trend turn into bearish trend ?
Ans: if bulls fail to bring up the price above 9126$ level (which is a kind of weak resistance found in past 2 months) bullish trend will turn into bearish trend
which might cause a drop to 8100-7800$ Level's

4. Whats the situation in lower time frames ?
Ans: Bearish MACD and RSI is found in lower frames

whats my personal opinion ?
the current bearish trend shown in the lower frames is largely because to the negative trend going on in the world markets
So be patient for the results to show up.

Always wait for the confirmation before starting a trade
dont let your emotions decide the trade.

May you succeed in all your trades :)
Comment: View the above idea and read the description completely.

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Comments

hi bro,good chart
share my analysis with u

+1 Reply
Will BTC price actually cross above $10000 level? Right now weekly chart suggests Mixed Signals. The price might get rejected at $9500 level. Here is our analysis!
+1 Reply
prem_sagar Sparkster
@Sparkster, 10400 would be an easy target if bully try to anchor the daily candle close above 9126$
9500 might be a very strong resistance but 10500 would be a good price for dip buyers to sell of their positions and even for whales(for now whales arent even in the picture yet)
and the recent growth is mostly driven by organic buyers but not the wales so price gng back to where it started is quite questionable .
in a bigger picture there is even a chance for bitcoin to go below 2400$
which im gng to post after the halving.

have a nice day :)
Reply
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