#Bitcoin : The Giant Still Developing Itself For Good.
Updated
Here we are with a positive market sentiment once again in Bitcoin's market trend and BTC looking bullish atleast for the shorter term giving us a breathing time out for those who were in a devastative bleeding week. For now looking good in both volume and and heading to surpass the 200 MA too on the daily time frame. For now we are aiming at the test for 43437 USD resistance level and if that can be won by the bulls next will arrive will be at around $47500. Most probably we will have a retest on that point with a reversal move to aim the blue line as its support. The current daily candle close is a "must-see" scenario to have the best insight and to get the right prediction. For now looking for a green run upto $43400 and $47500.
With Regards.
@togetherweaccumulate
With Regards.
@togetherweaccumulate
Trade active
s3.tradingview.com/snapshots/z/zXF6djed.png#BITCOIN_Update
👉Bitcoin seems to be coming in a bounce setup in the 2H chart for now forming a H&S pattern even though it is not a perfect one.
📌Note : It seems to be a perfect re-entry zone for those of you who are still in your fiat portfolios at around $38000 - $38500 for the short term easy profits. MA 200 looking perfect and MA50 looking to build something up with a good volume coming into the market and fear level decreasing for now.
⭕️Accumulation Area : $37900 - $ 38500
Distribution Area :
📌Target 1 : $40016
📌Target 2 : $42449
📌Target 3 : $43450
📌Target 4 : $46933[If things go right.]
🚫Stoploss : A consecutive candle close below $36700 will be our stoploss point for our short term trade.
Risk : High
Capital Accumulation : 5%
@TogetherWeAccumulate
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