thecryer

BTC 14k Still Playable

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Well today i noticed that i found 3 points when btc pushed to 12k+ so i made a simple line, i just cloned this line and tried to place it down making a parallel,
so i discovered a kind of new trend, and this trend could be a 'possible one'.

- Now BTC is flirting with the daily 200EMA (Red one) and for now, this EMA acted as a good support around 10 000$.
- i used only RSI as indicator, simple as possible , we can see that we are almost in the Oversold zone on 1D TF.
- if we keep bouncing on this EMA , it would mean that 10K area act as support zone now and BTC could push to 14k according to Fibo Extension.

if we break under 9700 ( EMA200 Red ) we can get one more BloodBath, so i had to Jump on Weekly EMAs to check it out and find next supports.

- 9000$ EMA50
- 8200$ EMA100
- 6500$ EMA200

Anyone have a crystal ball and for now most of peoples are still scare according to March's Dip , So for now it's better to be patient and wait for some confirmations!

Happy Tr4Ding !
Comment: Weekly Supports

Comment: following trend. important level to watch is 11400 (61.8 Fibo)

Comment:
Comment: expect a move from triangle area.

Comment: if we close 11k+ . 14k could be next.
Comment: 12500 important level to watch. We also made a GAP on CME around 11400$.

Comment:
Comment: 13500 reached - still have power

Comment: 1H TF - HH

Comment: i will consider this target completed as we reached 14k+ in CME Futures.
1 Gap was mostly filled but we still have some small gaps lower.

Trade closed: target reached

Comments

Sometimes those TAs with less likes are the one most informative and accurate.

Thanks for sharing this TA.

I will follow you on Trading View

Here is my TA.

+1 Reply
thecryer Ryzen7
@Ryzen7, thanks for your comment! cheers!
Reply
nice update
+1 Reply
thecryer bestfarbit74
@bestfarbit74, nice bro thanks for update!
+1 Reply
could be but right now downward pressure is more likely. depends on my chart conditions
+1 Reply
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