Here's the chart os BTCUSD predicting next movement. Previously an ascending Triangle broked up and as per pattern target is achieved. Now, what's next?
As per we seen the previous history of 2015 golden crossover (MA: 100 and 200), currently the same situation going to be happened as per our prediction. We have predicted an H&D on the basic of fib. retracement...
Bitcoin clearly broke 4k resistant line.
My personal view on Bitcoin is that we have reached that bottom (in a manner of 3.824$).
As per equation made and having in mind that so far we had continual rebounds from 20k in a manner of LH each time during the downtrend, there was nothing else to expect than collision.
With a presumption we actually fell from 6550...
There are several good movements in market and i hope to see more unpredictable rally
But no special movement happen yet and we need to wait for strong move to above 6000 dollar.
Keep waching to chart.
It's been a while since I've done an update. About a month ago it was it was super quiet and not a lot of action. Then bam right in the beginning of April huge volume. We've been stead trading in the range of 5000 to 5250 for almost 2 weeks now but we are showing some signs of weakness (lower volume and unable to break 5300).
There are a few things coming up next...
My next price target for Bitcoin is at previous support around $6271.97 on Coinbase. Please note that price targets vary depending on the exchange.
Let me know what you think and happy trading!
If you are suffering from FOMO today with the big move in bitcoin, don't panic. The price action will re-trace back to 4647 level,
where I expect a lot of pending orders are waiting to be filled.
The next entry level to buy will be around the 4400 level (the 25% fib), so don't feel you have missed out.
This will also be a retest of the prior range, which started...
We are doing Analysis of BTCUSDT on 2 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Here the chart base on ICHIMOKU cloud system. I have drawn Key support and resistance level and our estimation is market can move up to $4170 or above. As of now, it's inside the Triangle pattern. If we break this then we move up to 4300-4700 or 4700+
A short term trade can be executed.