Welcome to this short update on Bitcoin.
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart!
Bitcoin got rejected from the channel resistance and broke below it.
Currently, the price hovering right above the
41K area.
As per this chart, the $39.5k to $40.5k is the most important area for BTC to long.
Also, it needs to break and close above the $42.6k area in order to pump all the way to $45k+ resistance.
If you want to long BTC, the green area is where you might wanna put your buy orders. Multiple MA's support is just inside the green zone.
(Not financial advice).
Conclusion:- BTC is bullish above $38k and IMO it is a retest before the next leg up.
Looking at other major charts BTC looks bullish atm.
I won't be bearish as long as it holds the $38k level in HTF.
INVALIDATION:- Close below $38k.
What do you think?
Do let me know and hit the like button if you find this chart helpful.
Thank you
#PEACE
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart!
Bitcoin got rejected from the channel resistance and broke below it.
Currently, the price hovering right above the
41K area.As per this chart, the $39.5k to $40.5k is the most important area for BTC to long.
Also, it needs to break and close above the $42.6k area in order to pump all the way to $45k+ resistance.
If you want to long BTC, the green area is where you might wanna put your buy orders. Multiple MA's support is just inside the green zone.
(Not financial advice).
Conclusion:- BTC is bullish above $38k and IMO it is a retest before the next leg up.
Looking at other major charts BTC looks bullish atm.
I won't be bearish as long as it holds the $38k level in HTF.
INVALIDATION:- Close below $38k.
What do you think?
Do let me know and hit the like button if you find this chart helpful.
Thank you
#PEACE
Trade active
BTCUSDT 12 Hour:- All good so far. Nice breakout.
Need to keep an eye to see if this pump sustains till daily close.
Daily Signals:- telegram.me/thecryptorphic
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Related publications
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.
Daily Signals:- telegram.me/thecryptorphic
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Related publications
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.