Bitcoin went head-to-head in the previous analysis
And I have repeatedly insisted that you buy in this range of $ 53,000 and the Altequin Season takes place
I think the market will be bullish until the global economic crisis occurs
It seems that the recent COVID news affected BTC rapidly but now we can see a cool off.
The correction of BTC is accelerated and close to end. I can see a reversal from here (53k-54k) or a more valid one from 49k-51k which will be the very bottom of the recent bullish trend and also located on the 0.5 level of fib retracement.
Overall, I am still bullish on BTC...
BTC (Day chart) technical analysis update.
BTC currently trading at fib 0.5 level and price touched 100EMA, 100 MA will act as good support for BTC
Also, previous resistance (Higher high) acts as major support.
In the day chart, BTC formed ascending channel.
I’m expecting the price could bounce off from the current support level.
If the price drop below 53k ...
To similar to ignore, the red circle bear traps. Seems obvious but many people calling for 51K-48K. Did the 200EMA get front ran? It was scary but I bid lets see what happens.
Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
As I say in previous chart BTC is lying on a very strong support level we can...
BINANCE:BTCUSDT
- G&F index now is extremely fear (27).
Usually extremely fear mean bottom (or local bottom ) is near.
- In case bulls defend this level well.
- I hope next strong resistance will be 60k and after that we can see new ATH.
Reasons:
1- The price of bitcoin has hit the floor of Ichimoku Cloud
2- The price of bitcoin has hit the floor of MA-100
3- Static Support on 52-54 k
4- The market is in a state of extreme fear
5- RSI is close to the maximum buying range
Happy Holidays from The SHARK. Let me take the mic today and say some things. I'm Only here to help. I have no side agendas like your favorite, twitter youtube posers. Lets just re-round some facts.
***24% of all US dollars circling the globe have been created in the last year. Is there any wonder where inflation comes from Senator Warren?
Bitcoin is a sponge...
*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges, trendlines, channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to...
Take care
When everyone is greedy, you are afraid
Correction in the worst case goes up to 45.500
Please buy coins as much as possible in this area that corrects, because it is the beginning of a strong trend of coins.
I GuESS GAnn IS OnE OF thE BESt TOOL .. Look out the AdjustMEntS (SuPPoRt AnD RESIStANCE ) as we can se !
ALSO Check My toDAy BTC IDEAS I juSt Recently UPloADED !
THANKS
