KiaCryptiola

5750! Next BTC movement is here!

BINANCE:BTCUSDT   Bitcoin / TetherUS
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On daily chart after getting support on falling wedge , it went up and broken upper line but got rejected by mid term trendline coming from the recent top at 10k.
To go up price need to cross that red line and get support on it or stay above. Price is facing strong resistance at the moment.
Keep an eye on trend lines and horizontal support and resistances, price is expected to moves between them so trades can be taken around them using proper stop loss.
Lets have a look on 4 hour chart:
Trade active: On 4 hour chart the story is same, need to cross 6500 to go up.
Price is above the pivot so we can expect a bullish day till the price stay above the pivot at 6250.
Trade active: On 15 mins chart, it has broken support at 6380, Next support around 6300 if this does not come back soon.
Trade active: See how it is paying between our lines, highly accurate. Rejected by 6435 twice and 4 times at 6414 and then fell below 6381. If you look at yellow lines, a flag is building, crossing it up or down will decide next bigger move.
If you like my work, hit thumbs up button just below right bottom corner of top most chart on this page. Goto my profile and follow me for future updates , Share with friends for more accurate updates .
Trade active: You can see BTC respecting our lines , again it got rejected at 6435, it tried to break the flag upper line but retest was not successfull, remember always wait for confirmation to enter trade, if you shorted at 6435, you made some profit now. Always keep in mind those lines.
Comment: Looks like BTC moving in a channel, check yellow lines:
Comment: See how nicely it is playing between our lines . Keep in mind all lines.
Comment: And again, falling channels upper line was broken but price got rejected where we had red line and R1 line. See how good these lines are working, we can setup and plan your trades according that:
Comment: See again, got support on S1 line . If you like my work, share with friends and save them from loss.
Comment: And again , got rejected by 6380 line and now facing resistance by pivot. Share will friends .
Comment: And again, getting rejected by 6666 .
Comment: Still following our lines? You must be making profit, check closely:
Comment: And again. Got support where we had 6483 line and S1 line:
Interesting. Do you still believe in 5750? I tend to agree with your analysis however I had a more conservative bear at 6050
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@Halley, It can still goto 4.9k - 5k
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But I think we do not see BTC lower that 6300 level for some days.
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KiaCryptiola StephMoen
@StephMoen, That is why there are so many lines, breaking one will target for next, we have upside and downside post sides covered. Good for scalpers, short term and mid term trades.
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