weslad

Bitcoin Massive Breakout from Bear Market.

BINANCE:BTCUSDT   Bitcoin / TetherUS
As of today, it was observed that BTC has moved over 125% after testing out 3155$ level. What we have presently in the market is surpassing anyone thinking right now as Bitcoin resume huge BULL RUN.

There is no doubt saying the BEAR market is technically over with this huge action from the BULL.

I highlighted some major supports and resistance for us as the market is far from easy to analyses at the moment but I believe those level should guide us in making major trading decision.

I also spotted potential huge inverse head and shoulder pattern which may likely be in play and if this come to reality will take BTC to a new all time high soon.

Resistance Level:
7400-7725-8480(Critical Level)
9940
11650
12990
14795
17025
19795
23095

Support Level:
6500-6300-5735(Immediate Level to watch for Bull continuation)
4845
4195

I hope this update will help in making some trading decision.

Thanks for reading it. Do know I appreciate it and kindly leave me with your Likes for encouragement.
Trade active:
Trade active: Could this be a straight route to 7800$



Moving as expected
Trade active: Spotted poteital SHS pattern on 15minutes chart this seems to be a like a major correction i around the corner.

If play out this will likely take us to 6295$ level

Trade active: Hey guys keep an eyes on this trendline and see how it acted well as both support and resistance

Trade active: Spotted SHS pattern got invalidated.
Comment: Expected possible immediate moves:
SHORT VIEW:
1. if Price closes below 6800$ we should go for short



LONG VIEW:
2. If price hold up against 6800 then we will likely see 8000$ level.

Trade closed: target reached: BTC hit 8000$ as per the last update is concern.

Trade active
Trade active
Trade active
Comment:
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I agree with this, very good interpretation of the charts and sound logical reasons to back up your predictions. Well done. I am following you and unfollowing PoopCannon
+1 Reply
Raqix Raqix
@Raqix, @MagicPoopCannon You could learn a thing or two from this guy, highly recommend !
+1 Reply
@Raqix, thank you man
Reply
thanks
Reply
weslad yfxtrader
@yfxtrader, Thank you for your chart, we appreciate your sharing with us.
Reply
@weslad, you are welcome
Reply
Hi @weslad I spotted the same pattern as you on a 15min chart, but I thought maybe we've already had the second shoulder, if you place the neckline higher, which would mean we're currently going through a retest of the neckline. What do you think?

Reply
weslad GlenGoodman
@GlenGoodman, Thank you for your chart, we appreciate your sharing with us.
Reply
This pump is starting to look a bit shaky now, it's risen a long way, but I'm still holding - for now, at least.

Reply
weslad GlenGoodman
@GlenGoodman, Thank you for your chart, we appreciate your sharing with us.
Reply
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