BTCUSDT nice breakout from daily resistance, but be careful, now the price is testing weekly and monthly (dynamic) resistance.
IF the price will break these resistances, According to Plancton's strategy, we can set a nice order
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🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
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You need to see if you can get support at 11748.20, the point of the trend turning point.
If it falls from the short-term uptrend line (7),...
Greetings! Bitcoin passed all the nearest resistances and approached $12,000. I assume that the asset will approach the border of the ascending channel projection. There is also a resistance level of $12100. Given the strong upward movement, Bitcoin can break through it, but it will not be able to gain a foothold higher. I assume a correction in the area of...
chart is speaking it self
Line 11950 is an important resistance. If the market breaks this line, it will reach 12,000, which at this point will face a large number of sellers and will lower the price.
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Good morning ladies and gentlemen and welcome back to my daily look into the oldest cryptocurrency on the planet... Bitcoin! Today I have the 4hr time frame pulled up again after a little pump action yesterday. I like what I saw from the bulls yesterday. They took us to new levels not seen since September 1st. I know I enjoyed walking up my stop loss yesterday....
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P.S. I personally will open entry if the price will show it according to my...
The supply zone is tapped, sharp downfall to green zone might rekt alot of altcoin holder and also to the traders who are long..
S & P 500 and BTC price relation are co related down fall of S an p might also take btc to futrher downfall
As anticipated, BTC had its one-leg-up.
Now price action is printing ending diagonal at wave C at previously defined sell zone, ending correction to the upside.
Anticipate impulse to the downside fairly soon.
Negative divergence into a key resistance with an increase in selling. Woyuld be a reasobaly area to take profit. Would avoid chasing into resistance. Waiting for another pullback to target (support, fibs, MA's etc).
Always look for the evidence yourself. Not what they tell you.