Bitcoin XBT bottomed for short term

hey guys welcome to a fresh new update of Bitcoin XBT, and be ready to make huge gains with us...

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now moving towards the top chart things looks pretty clear for Bitcoin. first we made a bottom around 7800 exactly as predicted, and now RSI is indicating for bullish divergence with flat prices, so most likely we could see a rally from here, now the first resistance zone would be 9070 - 9250 (orange zone) which is not tough for bulls to break, than second major resistance zone will be 9750-10000 where bears are standing strongly and third the red zone which is between 10350-10500 will be the toughest to break for bulls, most likely at this stage lots of mushrooms will grow and starts to chant for a new bull market, but i see this rally nothing more than a dead cat bounce, you know why...

ok so now moving to some other factors...

no need to give any further explanations, clearly fib382 has perfectly holded at 7800, slams all the super bearish predictions towards 7500, 7200 or even 6000 in short term

although prices have broke 200 Daily MA, but still 200 MA is not declining and moving strongly towrds higher levels, so most likely it will be major obstacle to break and confirm for a new rally, most probably we could break this level between 8600-8700 and will set a new rally for 10k's zone, but dont consider this as a bull market, this will be like a dead cat bounce or a bull trap.

my custom indicator is making pin point precise predictions for bottoms and tops, here you can see that caught exact bottoms and tops, a clear indication from here that most likely prices will move towards the red zone in coming days, so in that situation 9070-9250 will be the first major resistance zone.

notice that channel formation prices respectfully following from the top of 13800 is still validate and bitcoin is consolidating in this formation from more than 3 months, the upper trend line is also indicating the top of 9070-9250, but i think that prices could atleast go upto 9750 level.

a small triangular formation is also developing in short term so most likely a small dump from here to test 7800-8k zone and then we're all set for new rally.

so buy zone would be 7800-8000

use leverage 3-5x

T1 8600
T2 9070-9250
T3 9750-10000
T4 10350-10500

Stop loss should be 7650

good news for alts is that Bitcoin Dominance is now loosing momentum and most likely could drop below the 65% major support level in coming days.

as i've posted this chart in one of my previous analysis, and now looks like hard work has started to pay off, and as i predicted, alts market cap has started to grow and we can clearly see this in all exchanges. alts mcap has just broke the 66 billion resistance zone and jumped upto 68.7 billion and strongly moving ahead, most likely 83 bill will be the next resistance in coming days and this growth is enough to make 30-50% profits in top alts. so lots of good news we could see in coming days for our alt coins holdings and massive gain opportunities for new altseason is looking ahead.

alright guys, that's all for now hope this idea will help you to make huge huge profits like the previous one's ;), dont forget to hit like and support us so we keep bringing awesome new trading ideas for you, follow us for more future updates, and do comment your opinion, we appreciate your response:)
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thanks you, this is Husain Zabir signing out

Trade active:

nice to see that prices struggling to break 200 daily MA which is holding prices around 8600 level, perfectly as I predicted in my analysis, the very first level of resistance, my custom indicator is also now turning to move lower towards the purple zone, from this level we could definitely expect a short term drop in prices and a retest of support zone between 8120 - 7950 and than we're all set for a new rally...
so be ready;)

Comment:

this is how whales play the game and trap fomos with scam wicks by breaking support and resistance levels so to hit SL and liquidate positions, and can only be handle with proper money management, this is crypto play safe...