Is That The Bottom or Just a Bull Trap?
Hello Everyone!
In the beginning, your support means a lot to us and encourages us to continue so Thanks for all support you provide.
Today we are on a date with the publication of another BTC update on the main page. Our last update on the main page was approximately 30 days ago but below them we continuous updates, the last of which was hours/day ago.
if you read the last setup for this signal we shared between $32750/284XX, we posted a clarification below it says "The following support is clear to everyone so be careful the movement will not be without some tricks and long wicks or early bounces so be careful and set your plan."
so bulls made an early move and BTC a rebound from $33K, we were lucky to be here during that and informed you to take entry between $33300/327xx, we got BTC at $32950.
🕵️♂️Current movement:
Current movement showing long-legged Doji pattern on a daily frame with a good rebound for bulls near major support area, although that BTC still moving below first resistance line below $38/40K, So the next 24/48H and monthly close is very important, and bulls need to show some power during it if they want to determine $33K as the bottom of the current wave. and avoid bull traps.
To say bulls woke up and dominate movement again, they need to reclaim $50/55K daily/weekly/ breakout to new ATH will confirm by a weekly close above $65K.
Major resistance levels
$40/38k first resistance line.
$45K/$47k. resistance area reclaiming it will be bulls sign
$50/55K. reclaiming weekly will be a good step from bulls
$65K. weekly close = new ATH around $75K/83/95K
Major Support levels
$32/$28K major support and will be a good trading area if Bulls hold there.
below $28K there $22/$19K as next support we won't mention more support zone due to there a people who are panic when they see this numbers.
🎬Current action:
we already opened an entry from this low and gained some targets at $34/36K and we still hold this position, during that we will track bulls performance for the next 24H/48H until monthly close, if they succeed to reclaim $40/42K we will add another entry from retest and for sure monthly close is very important, but if bulls failed to push BTC more and do breakout we will wait for this support line between $32/28K.
👨💻Our personal opinion,(Biased view, Subject to fail)
since 25 Oct we shared AB=CD as a bearish scenario for movement, with our personal view, now you can see that clearly, the pattern has done by 98%.
And on 21 Nov we posted another view which says we looking for a dump in Dec to $40/38K/32/28K, In addition to Q1 of 2022 will be bad for crypto. although BTC dumped from $59K to $41K in Dec with a monthly close at $46K and BTC pushed below $35K in the first month of Q1 which is not over yet.
Ps:
both of these updates were mentioned below are our BTC analysis on TV you can check out from here.
IWe know you asking if the dump has over and the market will rebound back from here?!
We are not sure of that, despite the current rebound near the key support levels, but the overall performance is still negative and this is very clear on the bigger time frames like weekly/monthly. and as we explained above, bulls need more than bounce.If you are interested in knowing our personal opinion, we think that the dump is not over yet and this is just an initial buying and the month of February may be full of surprises.
You are not A whale and sharks can eat you so be ready.
if you joined Crypto recently or traded for a long time for sure you know, in markets especially crypto everything is possible we would ask you is there someone who predicted BTC will reach this high value?! is there someone who hold BTC from $1 or $100 You will find someone says yes there is this person, we want you to know that claiming is very easy, but the proof is difficult
Rarely you will find someone who did that? and If he goes back in time and tells people that his goal is $100,000, for example, people will say that he is a chimerical person, so the point of that is, expect everything to be ready for anything, and expect the worst will make you unsurprised by its occurrence. and it will support your plan to be more flexible.
The market is the thing that makes you a hypocrite while developing your plan, biased to both parties, because if you stick to one side, you may be on the losing side. Your plan makes you a person who is ready for what is to come. Remember that you are not a whale with a lot of money, it does not matter which low it will be, nor any support that will hold. He buys without much interest in what happens on the chart. The process is more mathematical for him than it is technical. When you own a portfolio like whales and their financial condition, do you will be interested in what price you bought?! Again Remember that you are not a whale and your financial situation makes you that frightened, hesitant, bewildered trader, etc. So to answer all of this you must have a solid plan and this will not happen if you are biased to one side. Yes, we were biased to the bearish or bullish side, according to the technical vision, but every time we say that we cannot impose what we want, and even if our prediction succeeds, we are in line with the movement and what is happening. So if you asking What about this Shark Pattern and the target at $5K<The answer this is Crypto=Everything is possible)The point of this talk is to make you ready not to panic. There is a difference. We hope you get the point
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person. for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
As analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses. Also, you do not have to worry about what or how i think, but you have to worry about what is happening and what you can do based on it. So, Be bullish or bearish as you want, But be sure you cannot impose what you want or force it to happen. so be ready for everything.
Ps:
We don't short btc or use leverage or trade BLV tokens!! our signals for spot trading only.
Also, The TA updates are an explanation for market movement(not mean buy or sell) any signals we share with you are our personal trades, and following it or not is your own decision and at your own risk. our signals come with clear targets and stop-loss risk management, etc, not anything else. as analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses.
This is not financial advice, The purpose of these Charts is 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. Remember that the Cryptocurrency market is very volatile and not suitable for everyone, so be aware of what you will do before you start.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
In the beginning, your support means a lot to us and encourages us to continue so Thanks for all support you provide.
Today we are on a date with the publication of another BTC update on the main page. Our last update on the main page was approximately 30 days ago but below them we continuous updates, the last of which was hours/day ago.
if you read the last setup for this signal we shared between $32750/284XX, we posted a clarification below it says "The following support is clear to everyone so be careful the movement will not be without some tricks and long wicks or early bounces so be careful and set your plan."
so bulls made an early move and BTC a rebound from $33K, we were lucky to be here during that and informed you to take entry between $33300/327xx, we got BTC at $32950.
🕵️♂️Current movement:
Current movement showing long-legged Doji pattern on a daily frame with a good rebound for bulls near major support area, although that BTC still moving below first resistance line below $38/40K, So the next 24/48H and monthly close is very important, and bulls need to show some power during it if they want to determine $33K as the bottom of the current wave. and avoid bull traps.
To say bulls woke up and dominate movement again, they need to reclaim $50/55K daily/weekly/ breakout to new ATH will confirm by a weekly close above $65K.
Major resistance levels
$40/38k first resistance line.
$45K/$47k. resistance area reclaiming it will be bulls sign
$50/55K. reclaiming weekly will be a good step from bulls
$65K. weekly close = new ATH around $75K/83/95K
Major Support levels
$32/$28K major support and will be a good trading area if Bulls hold there.
below $28K there $22/$19K as next support we won't mention more support zone due to there a people who are panic when they see this numbers.
🎬Current action:
we already opened an entry from this low and gained some targets at $34/36K and we still hold this position, during that we will track bulls performance for the next 24H/48H until monthly close, if they succeed to reclaim $40/42K we will add another entry from retest and for sure monthly close is very important, but if bulls failed to push BTC more and do breakout we will wait for this support line between $32/28K.
👨💻Our personal opinion,(Biased view, Subject to fail)
since 25 Oct we shared AB=CD as a bearish scenario for movement, with our personal view, now you can see that clearly, the pattern has done by 98%.
And on 21 Nov we posted another view which says we looking for a dump in Dec to $40/38K/32/28K, In addition to Q1 of 2022 will be bad for crypto. although BTC dumped from $59K to $41K in Dec with a monthly close at $46K and BTC pushed below $35K in the first month of Q1 which is not over yet.
both of these updates were mentioned below are our BTC analysis on TV you can check out from here.
IWe know you asking if the dump has over and the market will rebound back from here?!
We are not sure of that, despite the current rebound near the key support levels, but the overall performance is still negative and this is very clear on the bigger time frames like weekly/monthly. and as we explained above, bulls need more than bounce.If you are interested in knowing our personal opinion, we think that the dump is not over yet and this is just an initial buying and the month of February may be full of surprises.
You are not A whale and sharks can eat you so be ready.
if you joined Crypto recently or traded for a long time for sure you know, in markets especially crypto everything is possible we would ask you is there someone who predicted BTC will reach this high value?! is there someone who hold BTC from $1 or $100 You will find someone says yes there is this person, we want you to know that claiming is very easy, but the proof is difficult
Rarely you will find someone who did that? and If he goes back in time and tells people that his goal is $100,000, for example, people will say that he is a chimerical person, so the point of that is, expect everything to be ready for anything, and expect the worst will make you unsurprised by its occurrence. and it will support your plan to be more flexible.
The market is the thing that makes you a hypocrite while developing your plan, biased to both parties, because if you stick to one side, you may be on the losing side. Your plan makes you a person who is ready for what is to come. Remember that you are not a whale with a lot of money, it does not matter which low it will be, nor any support that will hold. He buys without much interest in what happens on the chart. The process is more mathematical for him than it is technical. When you own a portfolio like whales and their financial condition, do you will be interested in what price you bought?! Again Remember that you are not a whale and your financial situation makes you that frightened, hesitant, bewildered trader, etc. So to answer all of this you must have a solid plan and this will not happen if you are biased to one side. Yes, we were biased to the bearish or bullish side, according to the technical vision, but every time we say that we cannot impose what we want, and even if our prediction succeeds, we are in line with the movement and what is happening. So if you asking What about this Shark Pattern and the target at $5K<The answer this is Crypto=Everything is possible)The point of this talk is to make you ready not to panic. There is a difference. We hope you get the point
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person. for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
As analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses. Also, you do not have to worry about what or how i think, but you have to worry about what is happening and what you can do based on it. So, Be bullish or bearish as you want, But be sure you cannot impose what you want or force it to happen. so be ready for everything.
Ps:
We don't short btc or use leverage or trade BLV tokens!! our signals for spot trading only.
Also, The TA updates are an explanation for market movement(not mean buy or sell) any signals we share with you are our personal trades, and following it or not is your own decision and at your own risk. our signals come with clear targets and stop-loss risk management, etc, not anything else. as analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses.
This is not financial advice, The purpose of these Charts is 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. Remember that the Cryptocurrency market is very volatile and not suitable for everyone, so be aware of what you will do before you start.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
#BTCUSDT
We mentioned in the last update,
if the bulls succeed to reclaim $40/42K we will add another entry from retest, but if bulls failed to push BTC more and do breakout we will wait for this support line between $32/28K.
🕵️♂️Current movement:
for the last 6 days the bulls were trying to breakout $38/41K resistance but until now no breakout yet, in the same time the Monthly close is not the best for BTC or ALts, the Monthly candle for BTC shows breakdown of 4 months low, and most Alts have a full bearish candle on monthly TF,
Major resistance levels 📈
$41/38k first resistance line.
$45K/$47k. resistance area reclaiming it will be bulls sign
$50/55K. reclaiming weekly will be a good step from bulls
$65K. weekly close = new ATH around $75K/83/95K
Major Support levels 📉
$32/$28K major support and will be a good trading area if Bulls hold there.
below $28K there $22/$19K as next support, we won't mention more support zones because there a people who are panic when they see these numbers.
🎬Current action:
be careful from fake breakout and fomo/fud wicks, and if you have any profit on the table from the last swing try to book 50% of it. The buying signal near $31/28K is still active be sure you follow risk management.
👨💻Our personal opinion,(Biased view, Subject to fail)
In terms of personal expectations we said
despite the current rebound near the key support level, We are not sure if this level will be the bottom due to the overall performance being still negative and this is very clear on the bigger time frames like weekly/monthly. and as we explained above, bulls need more than bounce. If you are interested in knowing our personal opinion, we think that the dump is not over yet and this is just an initial buying and the month of February may be full of surprises.
So be careful... set a plan and follow it.
important dates for BTC !! 👀 let us watch the Bulls&Bears performance on these dates:
21 Jan (Bears breakdown $40k after 13 Days of holding above it) dumped by -15%
27 BTC dumped by -3.5 retested $355XX from $38K then rebound in the same day
Next dates
3 Feb
13 Feb
21 Feb
Ps:
These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc.
Our view might be right or wrong, so be sure to do your own research. Follow any signal or any update we share is your decision and at your own risk.
Please read this user guide 📖 , before you follow us: 👇
Good luck to all.
🙏we ask Allah reconcile and repay🙏
We mentioned in the last update,
if the bulls succeed to reclaim $40/42K we will add another entry from retest, but if bulls failed to push BTC more and do breakout we will wait for this support line between $32/28K.
🕵️♂️Current movement:
for the last 6 days the bulls were trying to breakout $38/41K resistance but until now no breakout yet, in the same time the Monthly close is not the best for BTC or ALts, the Monthly candle for BTC shows breakdown of 4 months low, and most Alts have a full bearish candle on monthly TF,
Major resistance levels 📈
$41/38k first resistance line.
$45K/$47k. resistance area reclaiming it will be bulls sign
$50/55K. reclaiming weekly will be a good step from bulls
$65K. weekly close = new ATH around $75K/83/95K
Major Support levels 📉
$32/$28K major support and will be a good trading area if Bulls hold there.
below $28K there $22/$19K as next support, we won't mention more support zones because there a people who are panic when they see these numbers.
🎬Current action:
be careful from fake breakout and fomo/fud wicks, and if you have any profit on the table from the last swing try to book 50% of it. The buying signal near $31/28K is still active be sure you follow risk management.
👨💻Our personal opinion,(Biased view, Subject to fail)
In terms of personal expectations we said
despite the current rebound near the key support level, We are not sure if this level will be the bottom due to the overall performance being still negative and this is very clear on the bigger time frames like weekly/monthly. and as we explained above, bulls need more than bounce. If you are interested in knowing our personal opinion, we think that the dump is not over yet and this is just an initial buying and the month of February may be full of surprises.
So be careful... set a plan and follow it.
important dates for BTC !! 👀 let us watch the Bulls&Bears performance on these dates:
21 Jan (Bears breakdown $40k after 13 Days of holding above it) dumped by -15%
27 BTC dumped by -3.5 retested $355XX from $38K then rebound in the same day
Next dates
3 Feb
13 Feb
21 Feb
Ps:
These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc.
Our view might be right or wrong, so be sure to do your own research. Follow any signal or any update we share is your decision and at your own risk.
Please read this user guide 📖 , before you follow us: 👇
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
#BTCUSDT
We mentioned in the last update,
if the bulls succeed to reclaim $40/42K we will add another entry from retest, but if bulls failed to push BTC more and do breakout we will wait for this support line between $32/28K.
🕵️♂️Current movement:
After 8 days of staying below $38K, in the last 24H bulls showed a good pump candle to $41K and getting close to Ma 50 Daily, although this candle didn't make bulls reclaimed main critical levels yet. but this shows how the bulls are trying so hard to regain the key levels to show complete dominance over the movement once again!!
in the current time, bulls need to stay above $40K with more pumping to $45/47K followed by breakout $55K weekly/monthly, and if this happens they will be in a good condition! but if not and bulls fail to hold and prices went down again below $36K the bears will overcome them, and there will be more selling pressure in the market.
Now let's take a look on
Major resistance levels 📈
$41/38k first resistance line. ( Bulls try to break out the upper line for it in current time)
$45K/$47k. resistance area reclaiming it will be bulls sign
$50/55K. reclaiming weekly will be a good step from bulls
$65K. weekly close = new ATH around $75K/83/95K
Major Support levels 📉
$32/$28K major support and will be a good trading area if Bulls hold there.
below $28K there $22/$19K as next support, we won't mention more support zones because there a people who are panic when they see these numbers.
Current action:
As we explained before holding above $40/42K will encourage us to add more long positions from any retest below them with tight SL and good is R: R,
About signals, we just closed the last part of this scalping from $368XX/37K at $40650 and still holding part of this long position at $333XX.
and these buy limits between $31/28K is still active, probably we will update buying prices later.
👨💻Our personal opinion,(Biased view, Subject to fail)
In terms of personal expectations we said
despite the current rebound near the key support level, We are not sure if this level will be the bottom due to the overall performance being still negative and this is very clear on the bigger time frames like weekly/monthly. and as we explained above, bulls need more than bounce. If you are interested in knowing our personal opinion, we think that the dump is not over yet and this is just an initial buying and the month of February may be full of surprises.
So be careful... set a plan and follow it.
important dates for BTC !! 👀 let us watch the Bulls&Bears performance on these dates:
21 Jan (Bears breakdown $40k after 13 Days of holding above it) dumped by -15%
27Jan , BTC dumped by -3.5 retested $355XX from $38K then rebound in the same day
3 Feb was a price action day, followed by + 12% pump in 4 Feb!
Next dates
13/17 Feb
21 Feb
Ps:
These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc.
Our view might be right or wrong, so be sure to do your own research. Follow any signal or any update we share is your decision and at your own risk.
Please read this user guide 📖 , before you follow us: 👇
Good luck to all.
🙏we ask Allah reconcile and repay🙏
We mentioned in the last update,
if the bulls succeed to reclaim $40/42K we will add another entry from retest, but if bulls failed to push BTC more and do breakout we will wait for this support line between $32/28K.
🕵️♂️Current movement:
After 8 days of staying below $38K, in the last 24H bulls showed a good pump candle to $41K and getting close to Ma 50 Daily, although this candle didn't make bulls reclaimed main critical levels yet. but this shows how the bulls are trying so hard to regain the key levels to show complete dominance over the movement once again!!
Now let's take a look on
Major resistance levels 📈
$41/38k first resistance line. ( Bulls try to break out the upper line for it in current time)
$45K/$47k. resistance area reclaiming it will be bulls sign
$50/55K. reclaiming weekly will be a good step from bulls
$65K. weekly close = new ATH around $75K/83/95K
Major Support levels 📉
$32/$28K major support and will be a good trading area if Bulls hold there.
below $28K there $22/$19K as next support, we won't mention more support zones because there a people who are panic when they see these numbers.
Current action:
As we explained before holding above $40/42K will encourage us to add more long positions from any retest below them with tight SL and good is R: R,
About signals, we just closed the last part of this scalping from $368XX/37K at $40650 and still holding part of this long position at $333XX.
and these buy limits between $31/28K is still active, probably we will update buying prices later.
👨💻Our personal opinion,(Biased view, Subject to fail)
In terms of personal expectations we said
despite the current rebound near the key support level, We are not sure if this level will be the bottom due to the overall performance being still negative and this is very clear on the bigger time frames like weekly/monthly. and as we explained above, bulls need more than bounce. If you are interested in knowing our personal opinion, we think that the dump is not over yet and this is just an initial buying and the month of February may be full of surprises.
So be careful... set a plan and follow it.
important dates for BTC !! 👀 let us watch the Bulls&Bears performance on these dates:
21 Jan (Bears breakdown $40k after 13 Days of holding above it) dumped by -15%
27Jan , BTC dumped by -3.5 retested $355XX from $38K then rebound in the same day
3 Feb was a price action day, followed by + 12% pump in 4 Feb!
Next dates
13/17 Feb
21 Feb
Ps:
These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc.
Our view might be right or wrong, so be sure to do your own research. Follow any signal or any update we share is your decision and at your own risk.
Please read this user guide 📖 , before you follow us: 👇
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
Why reclaiming $55K is important and below it is just steps for bulls?
if you check out this snapshot below, Which we made a simple comparison between the previous cycle and the current one!
BTC below MA 50 which make it a current resistance and consider a bearish sign so bulls need to erase the negative performance by reclaiming MA 50 and closing above $55K
if you check out the previous cycle you can see clearly the effect for closing below MA 50And the effect of failing to restore it
.
We know that each cycle has its own characteristics, resistances, conditions, etc., so I do not rely entirely on comparisons between cycles.
But this clarification is just for the sake of knowledge. If you ignore it and review the current movement in several ways, there will be consensus to restore this level regardless of the previous cycle, how it was.
🙏we ask Allah reconcile and repay🙏
Why reclaiming $55K is important and below it is just steps for bulls?
if you check out this snapshot below, Which we made a simple comparison between the previous cycle and the current one!
BTC below MA 50 which make it a current resistance and consider a bearish sign so bulls need to erase the negative performance by reclaiming MA 50 and closing above $55K
if you check out the previous cycle you can see clearly the effect for closing below MA 50And the effect of failing to restore it
.
We know that each cycle has its own characteristics, resistances, conditions, etc., so I do not rely entirely on comparisons between cycles.
But this clarification is just for the sake of knowledge. If you ignore it and review the current movement in several ways, there will be consensus to restore this level regardless of the previous cycle, how it was.
🙏we ask Allah reconcile and repay🙏
Comment:
#BTC Just a reminder!
After this rebound from $33K and reaching now $44K FOMO spread on the market as like FUD weeks ago when BTC reached $33K
For you as a trader you shouldn't care a lot In the mood of others, for example, Who hold BTC from higher-level want it to go to the moon, who short it and in lose want it to go to dip this who most common people thinking in this space if you go to the bullish room you will see many different scenarios which show you how we are in the bullish wave even BTC goes down by -90% same thing in the bearish room!
So you need to remind yourself and check out your plan!
On the personal side for us! although we opened long positions from $33K and $37K in the last dip but we booked 90% of the profits on the table and set this term "To say bulls woke up and dominate movement again, they need to reclaim $50/55K daily/weekly/ breakout to new ATH will confirm by a weekly close above $65K."
so as long as this does not happen we are very careful and ignore fomo or fud stuff around the market.
Current support $40/38K back below it means $31/28K in the range.
we ask Allah reconcile and repay
After this rebound from $33K and reaching now $44K FOMO spread on the market as like FUD weeks ago when BTC reached $33K
For you as a trader you shouldn't care a lot In the mood of others, for example, Who hold BTC from higher-level want it to go to the moon, who short it and in lose want it to go to dip this who most common people thinking in this space if you go to the bullish room you will see many different scenarios which show you how we are in the bullish wave even BTC goes down by -90% same thing in the bearish room!
So you need to remind yourself and check out your plan!
On the personal side for us! although we opened long positions from $33K and $37K in the last dip but we booked 90% of the profits on the table and set this term "To say bulls woke up and dominate movement again, they need to reclaim $50/55K daily/weekly/ breakout to new ATH will confirm by a weekly close above $65K."
so as long as this does not happen we are very careful and ignore fomo or fud stuff around the market.
Current support $40/38K back below it means $31/28K in the range.
we ask Allah reconcile and repay
Comment:
About current movement and our view take a look at updates we posted above on 5/7/8 Feb
we ask Allah reconcile and repay
we ask Allah reconcile and repay
Comment:
New update on the main page related to previous updates
we ask Allah reconcile and repay
👋 Be a trader, not a gambler, by following risk/capital management!!
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
As we mentioned in the last update 24 H ago below 🎬Current action:
we will track bulls performance for the next 24H/48H until monthly close, if they succeed to reclaim $40/42K we will add another entry from retest, surely monthly close is very important, but if bulls failed to push BTC more and do breakout we will wait for this support line between $32/28K.
In terms of personal expectations we said
despite the current rebound near the key support levels, We are not sure if this level will be the bottom due to the overall performance being still negative and this is very clear on the bigger time frames like weekly/monthly. and as we explained above, bulls need more than bounce. If you are interested in knowing our personal opinion, we think that the dump is not over yet and this is just an initial buying and the month of February may be full of surprises.
So be careful... set a plan and follow it.
The buying signal near $31/28K is still active be sure you follow risk management.
Major resistance levels
$40/38k first resistance line.
$45K/$47k. resistance area reclaiming it will be bulls sign
$50/55K. reclaiming weekly will be a good step from bulls
$65K. weekly close = new ATH around $75K/83/95K
Major Support levels
$32/$28K major support and will be a good trading area if Bulls hold there.
below $28K there $22/$19K as next support we won't mention more support zone due to there a people who are panic when they see this numbers.
important dates for BTC !! 👀 let us watch the Bulls&Bears performance on these dates:
21 Jan (Bears breakdown $40k after 13 Days of holding above it) dumped by -15%
Next dates
27 Jan
3 Feb
13 Feb
Ps:
These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc.
Our view might be right or wrong, so be sure to do your own research. follow any signal any update we share is your decision and at your own risk.
Please read this user guide 📖 , before you follow us: 👇
Good luck to all.
🙏we ask Allah reconcile and repay🙏