Bitcon is clearly in bull mode at the moment of writting of this article.
Previous TA regarding BTC contained conservative approach as having 5800 and 6400 as targets, so. not levels to be breached that easy.
Anyways, we had solid push even through every mathematical level (5750, 6380, 6750, 7250).
That is called spoofing walls and can be done only with big...
As part of the current situation, we expect a local price correction in the green zone 6020-5820.
In the following days, the bitcoin price may continue to rise to the level of 6820 and higher.
Stop loss for the local plan 5660.
From TA point of view we need correction but fundamentals are really strong. They can push price much more higher! social media definitely can help it.
"Fidelity Investments’ new cryptocurrency company will offer trading for institutional customers in a few weeks, Bloomberg reported Monday MAY 6
Betting that the cryptocurrency bear market will turn around,...
Hello, friends.
The dynamics of price for bitcoin pleases.
Our strategic plans become relevant.
We, as before, are sober in our reasoning.
We still believe that the growth in value will continue.
Locally expect the continuation of bullish dynamics.
Hello friends!
The price of bitcoin has grown. We did not wait for the correction in the previously designated area.
However, judging by the nature of the movement, digital gold can be expected to drop sharply in the near future.
We believe that wave 4 correction model is not complete.
As before, profitable levels for purchases are below market prices at marked levels.
As you see here we see a bull flag which has 70% probability of breaking upwards and in support we have bullish MacD cross as well the target for that can be seen accordingly. This is probable in a short term scenario but if we manage to close 'weekly candle body' above 6700 then we might not be able to see $BTC go back to previous levels. I'll also be posting a...
We are currently going in paralel chanel on daily timeframe.
We can have a bit of consolidation from 5340 $ before going at 5300 $
After we hit that level Buy orders will take place to smash that 6000$ Resistance.
The correction continues.
We still expect an additional decrease to the level of 5400 and below, after which the beginning of the next good growth of the Bitcoin price is possible.
We are doing Analysis of BTCUSDT on 3 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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Thanks
Adil Khan
