bestfarbit74

BTC long and short possibilities.

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi everyone
this is my chart that leads the price in two possibilities:
1-long may lead BTC to 10800 that is our monthly resistance on ICHI indicator.
2-short may lead BTC to 8500 that is our weekly and daily support ( weekly on ICHI and daily on 50 EMA ).

though we still remain on uptrend channel and the price is upon the 50 EMA and the most part the
golden cross happened!?(maybe maybe not) but the MACD and some other indicators tend to negative zone.
.......................................
the conclusion:
.......................................
as far as the price remains on the uptrend channel on my chart I remain bullish for short to mid term.
but if the daily candle closes below the channel hitting the main support area below the ICHI cloud would be imminent.
just look at the weekly chart below to get bigger view. stay safe

Enjoy the merket
Comment: If BTC wants to remain in bullish side it has to close up on 9350 otherwise this chart would be validated in short term. the long term is still bearish to me.
Comment: BTC next movements

Comments

bestfarbit74 sajjadhemmatizadeh
@sajjadhemmatizadeh, welcome buddy
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BITCOIN Dropped 50% The Last 4 Times This Happened WATCH This
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nice work friend
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bestfarbit74 CryptoCheck-
@CryptoCheck-, thank you dear Marty. and tnx for sharing yours
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