Our last single was accurate and precise with the target. At the moment we are facing resistance then price correction is possible. The next target of Bitcoin will be 0.78% Fibonacci retracement to 16000$
KEY POINTS : 1- 9930 RESISTANT 2- 11770 RESISTANT 3- 7585 7411 SUPPORT
BTC has not important resistence from 9.9 until 11.2 if will break 11.2 Btc have free way to 11.7 then 12.4 with spike to 12.6, but this support at 9.1 could be fall, I Hope can resist it...
supports on the chart. i think 8600 the best point to return upside again.
BTC/USDT still in the downtrend until price above 9000. There will be pumped to around 8.8k then correction slowly to 6-7k
We are waiting on a break above this bullish pennant for a long position on the close of a daily candle above the VPVR value area (current high). Stop loss will be 1.5 x the ATR and target to take 50% off the table at the the fib extension.
BTC PREPARING FOR NEXT LEGUP INVALID BELOW 8500
Well I might have missed the bigger picture too. But here it is.
daily chart: i use green color so clearly btc is on uptrend,but on daily chart, still need to be care full at very important price around 8300, because it may be forming head & shoulders pattern => bearish signal on 4H: i use orange - on 4H chart btc broke down trend, up to 8800, 9030
BTC/USDT - 2H Facts: 1/ OBV start to reverse, but still in downtrend channel. So price only go up in short term. 2/ Price is about to break up resistant line MA200 (2H), after break this line liquidation short position will happen and create a long green candle. 3/ RSI is also about to break up the resistant at 65, then it will straight to 79-80 then...
LONG BTC to 8.637 - 8.753. I'm keeping on eye Dates 9 - 10 June for this Targets, Btc couLd be dump faster after get that...
BTC Falling Wedge Pattern Comparation - Can We Breakout Again? Thanks a lot for reading :))
THIS IS SIGNAL CHART YOU CAN TAKE TRADE