Almost a Symmetrical triangle breakout is going to happen...
It tested the lower trend line and bounced from there..
I am still hoping for upward movement but the play is not safe..
So we will not take any long..and we will just observe..
Lets see if it will reach my sell target or stop loss..
I will update the same graph tomorrow(day end) and will see the...
GVT is looking good for entry on 4H..
If it breaks the yellow trendline resistance..it can go for a ride..
T1- Blue Line..
If blue line resistance is broken..
T2 is green line..
Here is the final update of BTC from my side until we break either Support or Resistance..
Let me clear things out..
Keep your eyes on these area..Thats it..
The red line is the Saviour i.e,that should be the final bottom (according to me) which is around 2958 area..
Break that area on daily and i will sell my car to buy BTC..
The green line is local...
There is much more volatility going on with Bitcoin.
As you can see on 30 mint. chart,
3 times it ha broken the trendline and 3 times it has given more than 3% (either long or short).
Just stay safe for now..
Don't trade for now.
Wait for the confirmation.
Nothing has changed much from my last update.
4027 area is still holding as the Saviour.
If this area is broken,i won’t be surprised to see BTC around the 2nd life line area because it is not having any strong support in between except 3615 area...
If 3615 area is broken..then we can welcome 3303 area.
Its a no trade zone.
Just hold and have patience.
Some horizontals line are drawn which will be acting as some support.
I have made the graph very simple so that every one can read the targets given and know whats next if the given targets are broken.
I dont want to draw the EW counts so that you people will be having no idea whats happening there.
I will be sharing Weekly and Monthly graph also.
Let me make it simple for u..
We need to close this month above 4468 (31 SMA) for some normal movement.
7 SMA was the strongest support for BtC but it got broken in April..
Now its acting like strongest resistance since then.
Close above 6865 on Monthly and we can see some good movement in the market.
Close above 8365 on Monthly for your favourite word (Bull...