Welcome to this quick analysis of Bitcoin
If you are reading my updates for the first time, make sure you follow me if you want the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Now let's get to the chart.
BTC bounced right off the 200D MA on 3 days chart.
This is why you must believe in TA.
It helps us to make better trade decisions.
Now, I'll keep it very short and simple.
If you follow my updates regularly you must be aware that I posted a long signal at $35k to $38k which was the retest level range.
Although it hit $34k it was simply an opportunity!
BTC needs to break and close above the
46K range in order to pump to $50k+.
This is what the chart says. if you ask me, I believe BTC is likely to go for a retest to the lower 42k area and bounce from there all the way to 46k.
What happens next will be decided when it hits that mark.
One thing seems highly likely now that the trend is not over yet!
There's still a possibility that we can see a new ATH in BTC.
All we need is a clean break above that
52K level.
Until that happens we need to stay cautious with our trades and holdings in general.
CONCLUSION:- BTC is likely to retest the
42K level and continue its uptrend till 46k.
Once that happens we will assess in the next chart.
I WAS BULLISH AT 34K, I WAS BULLISH AT 38K, AND AM BULLISH NOW TOO!
Invalidation:- Daily close below the 200D MA.
What do you think of this chart?
Do share your views in the comment section and do not forget to hit the like button.
Thank you
#PEACE
If you are reading my updates for the first time, make sure you follow me if you want the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Now let's get to the chart.
BTC bounced right off the 200D MA on 3 days chart.
This is why you must believe in TA.
It helps us to make better trade decisions.
Now, I'll keep it very short and simple.
If you follow my updates regularly you must be aware that I posted a long signal at $35k to $38k which was the retest level range.
Although it hit $34k it was simply an opportunity!
BTC needs to break and close above the
46K range in order to pump to $50k+.This is what the chart says. if you ask me, I believe BTC is likely to go for a retest to the lower 42k area and bounce from there all the way to 46k.
What happens next will be decided when it hits that mark.
One thing seems highly likely now that the trend is not over yet!
There's still a possibility that we can see a new ATH in BTC.
All we need is a clean break above that
52K level.Until that happens we need to stay cautious with our trades and holdings in general.
CONCLUSION:- BTC is likely to retest the
42K level and continue its uptrend till 46k.Once that happens we will assess in the next chart.
I WAS BULLISH AT 34K, I WAS BULLISH AT 38K, AND AM BULLISH NOW TOO!
Invalidation:- Daily close below the 200D MA.
What do you think of this chart?
Do share your views in the comment section and do not forget to hit the like button.
Thank you
#PEACE
Trade active
BTCUSDT 4 hours: Looks good in this 4-hour chart. Although a clean break will invalidate both the scenarios shown in the chart, a pullback is likely from here.
Better to ladder in slowly at lower Pivots if you missed the pump.
Trade active
BTCUSDT Daily:- Clean Breakout and Retest is complete.
Currently hitting the resistance. Break and Close above
46K triggers rally.Multiple Indicators are pointing towards a bullish rally in BTC.
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.