TA says that BTC can go up to at least 49620.
Lower Range broken and next movement maybe is to upper zone of the big range.
Price is getting support on last resistance Range and confluence with 55 EMA
Target Confluence zone top of the range and 66.70 Fibo.
Trade Safe, use Stop Loss.
Im seeing a lot of signs for a Mini acumulation zone of BTC, this analysis comes with a trade im doing. Right now the price can be doing 2 things:
1. 20% chance BEARISH > UTAD( Upthrust After Distribution) Test.
2. 80% chance SHORT TERM BULLISH > Start of Phase D, This can be a START of a Tendencial Move to the upper zone of the bigger range...
Crypto Market with BTC still has a little road to go until last ATH (red line), but TOTAL ALTS capitalization(without BTC) is touching his last ATH, so its at crucial point right now.
Be careful, tomorrow BTC has a fundamental with El Salvador making it legal money, this can lead to a new 2021 Bull Run or could be the start of a correction, as BTC is touching...
Made this graph on July where the blue vertical line is marked, as you can see dominance appear to found support, and we had a small Alt Season Recently.
BTC currently trading in 52500.
Alts are going crazy right now.
At this point a BTC rise with the dominance is logical, if this happens we may have alts bleeding.
Be Carefurl on your alts...
BTC currently trading inside a big triangle formed since 17 days ago, we are now in the decision moment because is a symetrical triangle, this has 50% chances to break up, and 50% chances to break down.
We had a false breakout yesterday, breakout without volume and we went again inside triangle.
To confirm the direction we need to see a big volume income and a...
We stll in big range of previous analysis, last triangle broke downside and reached target, now we are heading to 39k in short term to complete big triangle formation and then we will see if we are going to:
- Road to 45k
- Road to 28k
BTC is doing a big range, little triangle inside big one has 50% chance to broke upside, 50& chance to broke downside.
Downside broke dont invalidate current trend unless it does a lower low.
Upper red line is 200 EMA DAILY.
Green Line is Range Support.
Targets in blue lines.
Regards and safe trade.