Hello every one
Since last rarely we had bullish weeks in BTC history. We still on track for bearish BTC. Moreover, a consolidation is observing on BTC trend line. Low volume of trades together with triangle pattern suggest that within few day possibly BTC will be drop up to 3300.
Keep an eye on the trend line and enjoy your trade :)
Hit the like button if you the update
Since last rarely we had bullish weeks in BTC history. We still on track for bearish BTC. Moreover, a consolidation is observing on BTC trend line. Low volume of trades together with triangle pattern suggest that within few day possibly BTC will be drop up to 3300.
Keep an eye on the trend line and enjoy your trade :)
Hit the like button if you the update
Note
We are still in consolidation phase, if volume do not rise up we would see strong fall to at least 3350. If the buyers win and we volume raised we would see rally initially up to 3700 to 3800. Check the three angle for breakout. If you like the idea hit the like button.
Much appreciate.
Note
Since we are in the bottom line since 2018, there is possibility we see a rally. However, this market proved that no price prediction is guaranteed. This is the nature of this market. So generally I would say that this year we would see a price raise up but cant predict what would happen on even on next month. Lets follow up and hit the like button to receive update where the next day the price will go.
Note
We had breakout in the triangle to downtrend. Next resistance line would be 3350Trade active
Seems the market follows our trend analysis for BTC/USD. I am still bearish. Although, the trend has touched the upper line of the triangle and had bounce back to channel. If we see breakout on the lower line the triangle the trend line would reach to 3200 BTC/US in coming days (purple channel). We need strong volume to break the purple channel which not it is hard to predict.
Trade active
Hello every one, here is new update for BTCUSD. We had breakout for upper line of the triangle in second bounce back in BTCUSD. We had similar results in LTCBTC too. We could see bull flag up and i estimate up to maximum 3600 BTCUSD. in my opinion we could see a bounce back from 3600 BTCUSD channel. Volume is not that strong to break up the 3400-3600 channelTrade closed: target reached
Note
I close this BTCUSD analysis since previously we reached to 3400 to 3500 channel, so further discussion on this channel would not be helpful Look to our new analysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.