weslad

BTC Market update: Breakout possibility

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi guys,

This will have to be very quick one as we have price testing very important level which is 7000-7100 a break of this zone will activate market view upto 75XX as immediate target and a rejection from this zone will open the door back to 6k window as immediate target on the down side.

What to do right now is to wait for the price to make its final decision and go in with a re-test of the above mentioned level.

Moreso, I spotted potential bearish divergence on my oscillation indicator and if this trigger then we will like see BTC on the dip side towards 5k6 zone.

For now let trade safe while we stay safe at home for corona virus.

Kindly go through the chart and do leave us your comments to let us know how you feel about our view,

Moreover REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas

Thank you.
Trade active: The idea of this quick update is to avoid fomo, let be patience to see what BTC is upto.
Trade active: Here is clearer view o the divergence, but I will prefer to wait for serious rejection first before considering this setup. As it is risky right now to predict the turning point.

Trade active: Breakout is confirmed guys,

Price manage to break upside from 7k1 resistance level, the idea now is to wait for a bit of retracement preferably small time frame to pick this around 6950 and 7050 to long for immediate target of 7k5.

Trade active: Did you check this our analysis, its accuracy is on the roof.

BTC tested immediate resistance towards 7k5 and started to drop as predicted.

Trade active: Some of our eyes catching analysis recently:

When I published this i receieved lot of critics now market is where it is!!!!

This post gave complete bullish setup

We pay close attention to altcoin market here and found good distribution zone for great accumulation purpose.

This analysis was nasty when I make the call for possible test on 8k, hmm we are almost there
Trade active
Trade active: we are aiming for the re-test of 7k before next rally

Trade closed: target reached: This is awesome guys.

Trade active
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Comments

hi is it still bullish like u predicted?
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hi, is it a long now till 8478?
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What's the next projected price?
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superb weslad thank you
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absolutely great content and it helped me much to learn as i am a student of TA plz check mine also if you have time i'd be happy . i made it simple but it is here
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informative analysis
can I hear your opinion on this?
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weslad David_Smith
@David_Smith, if you consider all the wicks you will see this is not a wedge. Its more of triangle
Reply
Nice trend identification!
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