#BTC Short-term update 18-1-2021

#BTC Short-term update 18-1-2021

Today we will try to explain where the critical levels for bulls and bears and what it means and the current movement in favor of bulls or bears!

Current movement:
let us start with patterns on the chart, 4h TF,
we can see a clear Ascending Broadening Wedge Pattern (we shared with you earlier since 13 Jan) equal AB=CD Pattern from the same down leg at 23 Dec Also, we can notice movement forming inside it a bullish pennant pattern with AB=CD from dip leg at $30K

the whole movement and patterns go in favor of bulls something can create a kind of fomo and make many people say long to Bones, be sure we do not want to create any situation of fud or fomo by this explain!!
but until now bulls didn`t show any kind of strong bullish candles although BTC got weekly close with long wick from $30K Which makes many people trade with caution and this leads us to talk about critical levels for bulls and bears!!

from the chart, we can see the breakdown point for ASBW/ pennant patterns located at $33K which means if BTC closed below this level we can see sell-off and dominance for bears!!
But as long as Bulls hold BTC above this point and no close below it daily or weekly, based on patterns we talked about, the bulls are targeting these levels we mentioned below.

The current bullish targets above $33K located at
$36K (Achieved)
$40K
$46K
$51K

Bearish targets below $33K located at
$30K
$26K
$23K
$21K

So, for those people who are trading with movement, they can handle $36/$33K zone as a buy zone with a stop-loss below!! as we explained in a previous idea.

but we want you to be sure you follow that, if you are involved with any trades, be sure you follow risk management, book some profits, move sl to break-even or entry!!
BTC Pumped, ETH Pumped, and alts in good condition since 3 Jan
So once BTC breakdown and personally i looking for that( i can be wrong), even if the chart looks good!! everything will be bleeding
So, the main rule to be safe in the market and help you to survivor is risk management, so be sure you follow it, doesn't matter bullish or bearish.

Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.

This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.

Hitting "like button" and leaving your "comments" below our ideas is great and supports us provide more ideas❤️

Good luck to all.
we ask Allah reconcile and repay🙏

Comment:

Comment:

Breakout Blue trend will confirm $39K
Breakout $40K Daily will confirm $43K

Check the Current bullish targets above $33K we posted in the last update!! 👉 Here

if Bulls fail to breakout we will see $35K again


Good luck to all.
we ask Allah reconcile and repay🙏

Comment:

Following short-term updates in this new Idea

we ask Allah reconcile and repay🙏