BTCUSDT broke three trends in the last 7 days. The closest horizontal support I see at $ 45,000 (-10% from here) but not all is lost.
There is a good bounce happening that may allow us to make a third trend reclaim, plus we are bouncing off the 100MA and 100EMA at $49,500.
We can see that in the previous market cycle of 2017, the 50 Day MA acted at least 6 times...
Posible reset of BTC to 45K, 40K and 30K is posible.
BTC reatched the max history price in the half of month with the same size of Junuary. This analysis is caused by:
The BTCDOWNUSDT interest was increased with a record volume in the actual price range
and the BTCUPUSDT was decreased in the max with high volume.
The DXY probably start a bullshit career.
...
But is extremely bullish, at the moment is in a falling wedge with inverted h/s. 25.5k is an important residence, if we get rejection there we could go all the way down to 20k -18k. Trade SAFE
I think ,A double cup in this chart is clear and if the price can raise more than43 and the 4 H candle close upper than 43 , we will find the price about 55-61 $.
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Well it is about the BTC and BTCUP
We got the SuperBuy ,Moon and green EngineeringRobo cloud signals on BTCUP
and also it is almost hit the down trend line .Even if only temporarily it might have a big hope for BTC again
I must remain that we got buy1 signal on BTC 3 days ago too
Howewer, Buy this coin when totally above the down...
