Welcome to this quick Sunday update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I hope you enjoyed the weekend with your friends and family.
Let's get straight to the chart:- In my previous update, I mentioned that BTC is ready for a rally towards 33k while BTC was trading around 29700+. BTC did rally to these levels. I would call the rally towards 34785 something that saved BTC from a massive breakdown.
BTC is really looking good in the mid-term. It already broke out of the channel resistance and currently, it's retesting the blue horizontal zone. 32.2k to 33.4k is the main support area for Bitcoin.
I am expecting a rally towards 41k from here. I know it's a BOLD statement but that is exactly what I see in the current chart.
There's one condition for that Bitcoin, it needs to hold the 32k Level no matter what by the weekly close.
What's your thought on this?
Do you think this correction is over? Do you think BTC could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
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As I said in my post a retest is due hence we just saw a rejection. I am expecting a retest around 37k level ad then a rally towards breaking the 42k level again.
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A new update coming up in a while.
Stay tuned
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THIS IS THE LATEST BITCOIN UPDATE:- CLICK ON THE CHART IN ORDER TO READ THE COMPLETE UPDATE!
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BTC needs to close above the resistance trendline in daily to continue the bullish momentum. Bitcoin is facing resistance right now. Let's wait for the daily close for a confirmed breakout. Stay tuned
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BTCUSDT 12 Hour Chart: The 12 Hour chart looks way better than other TFs tbh. It is holding the trendline support after the breakout. IMHO, BTC must continue its uptrend.
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#Bitcoin : Looks like the journey is going to be shaky. This candle closes in 2 hours 45 minutes. We need to close above the 39K level for the bullish momentum.
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All we need is a daily close above this trendline resistance. Better if we close above 39k. Until then BTC looks weak. The weekend is near I don't know If should stay bullish. Better not to hold many positions as I said earlier today. We will wait for BTC to show us direction in order to enter trades.
Stay tuned
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BITCOIN IS READY FOR A MEGA RALLY BUT ON FEW CONDITIONS: READ THE LATEST UPDATE BY CLICKING ON THIS CHART.
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BTCUSDT Hourly: BTC must retest to the $40200 level by the end of this weekend. I am closely monitoring the upcoming weekly candle close.
Stay tuned
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#Bitcoin : Hit a $40600 low a few minutes back. I was waiting for this retracement as I told you. IMHO multiple retests are likely before the weekly close. We need a close above 41.2k level. This will confirm an uptrend in Higher TFs too. Let's wait for the weekly close I'll keep this chart updated. DO FOLLOW ME IF YOU HAVEN'T followed yet!
Thank you
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Click on the above chart for the latest Analysis on BTC.
Gotta love the trendline 95% loser gang. Price either misses or goes straight through your lines in multiple places, but you just ignore those. oh dear
Cryptorphic
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@Aphaynes, Look at the levels rather than the lines I draw. How could you miss that Pro ? oh dear
Aphaynes
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Levels don’t exist. The sooner you realise price is dictated by banks and institutions and not by lines you’ve drawn, the sooner you will stop losing all your money time after time. Don’t bother replying that you are a profitable trader because we both know you are one of the 95%
Cryptorphic
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@Aphaynes, Alright, what are you doing here reading these charts?
Aphaynes
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@Cryptorphic, I'm not, I'm using carefully tested indicators that show where the money is going, rather than trying to guess where it will go. I just like to mention it once in a while on here in the hope I can stop some of you losing all your money. Unfortunately its a bit like trying to convince someone there is no god. Despite 100% evidence to the contrary you will never listen.
Cryptorphic
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@Aphaynes, People with a big mouth like you are everywhere with zero actions. If you intend to help others why don't you post some of your charts with those magical indicators and share what you have?
Do something for the community and then come back. Enough talk already.
ARTA
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@Aphaynes, no such a thing as a 100% And to your knowledge God does exist !!!
@Cryptomafia14, 15 years. First 9 losing by using price action, levels, fib, and every other load of rubbish that the 95% gang use. Then I found the right set of indicators, now I have been full time trader for 3 years