#BTCUSDT Expected Breakout Date 4th feb Her's WHY...
Welcome to this quick update, everyone.
I wish you all a Happy New Year.
May this year be fulfilled with more knowledge and experience which will eventually be the fuel for your successful journey in this field and everything you love to do.
Let's get to the Chart!!
Bitcoin has been consolidating for weeks.
I'll keep it simple for you.
Many indicators are pointing towards a possibility of a market bottom in the short term.
Just like BTC was consolidating around $30k for almost 2 months before it pumped almost 130%.
You can observe the same PRICE ACTION in this chart.
RSI has been supportive accordingly ranging between 25 and 50 (Observe the yellow boxes)
Both PA and Indicators are pointing towards 4 weeks of more consolidation around the $40k range. This range is between $40k to $48k.
Major breakout point:- $53k
Major support on HTF Chart:- $45k and $40k
In a nutshell, while this happens we will witness some fireworks in BTC Pair ALTCOINS.
(You can already see some Altcoins pumping like ICP, DUSK, etc..)
IMHO it's better to be patient and avoid Leverage Trades during this choppy price action.
Just holding BTC and a Few Altcoins could be highly profitable for you. (I'll share tomorrow hoe in my next chart)
A breakout above $53k would trigger another rally towards the $93k level.
This is a decent target keeping in mind the current situation.
This chart is simply based on TA, logic, fractals, and PA.
This is not financial Advise please use this chart just to make better decisions for your trades.
I'll be sharing my trading plan for January tomorrow in a new Chart.
If you find this chart helpful, do shoot a like button and share this chart with others.
Also, follow me if you haven't yet, and do share your thoughts in the comment section.
I don't post many charts, It confuses people.
When it's needed you'll find my exclusive charts for sure.
Stay safe
#PEACE
I wish you all a Happy New Year.
May this year be fulfilled with more knowledge and experience which will eventually be the fuel for your successful journey in this field and everything you love to do.
Let's get to the Chart!!
Bitcoin has been consolidating for weeks.
I'll keep it simple for you.
Many indicators are pointing towards a possibility of a market bottom in the short term.
Just like BTC was consolidating around $30k for almost 2 months before it pumped almost 130%.
You can observe the same PRICE ACTION in this chart.
RSI has been supportive accordingly ranging between 25 and 50 (Observe the yellow boxes)
Both PA and Indicators are pointing towards 4 weeks of more consolidation around the $40k range. This range is between $40k to $48k.
Major breakout point:- $53k
Major support on HTF Chart:- $45k and $40k
In a nutshell, while this happens we will witness some fireworks in BTC Pair ALTCOINS.
(You can already see some Altcoins pumping like ICP, DUSK, etc..)
IMHO it's better to be patient and avoid Leverage Trades during this choppy price action.
Just holding BTC and a Few Altcoins could be highly profitable for you. (I'll share tomorrow hoe in my next chart)
A breakout above $53k would trigger another rally towards the $93k level.
This is a decent target keeping in mind the current situation.
This chart is simply based on TA, logic, fractals, and PA.
This is not financial Advise please use this chart just to make better decisions for your trades.
I'll be sharing my trading plan for January tomorrow in a new Chart.
If you find this chart helpful, do shoot a like button and share this chart with others.
Also, follow me if you haven't yet, and do share your thoughts in the comment section.
I don't post many charts, It confuses people.
When it's needed you'll find my exclusive charts for sure.
Stay safe
#PEACE
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