Welcome to this analysis everyone.
If you are reading my updates for the first time, do consider following me if you want the most complex charts in simplified unbiased manner. I also post margin and futures trade setups.
Now lets's get to the chart.
BTC retested the $34k level making a low of $34,222.
As I said in my previous chart, I'll be adding on spot till $33k.
Although there is a lot uncertainty in the global market but everything is in the chart if you look properly.
Bitcoin is making a green candle on this 200D MA in the 3 days chart.
The candle closes in the next 31 hours.
TBH, That's a nice DOJI.
Once we see the weekly as well as 3 day candle closing above $38k things will get better in the short term.
Still It's hard to say that correction is over.
CONCLUSION:- BTC looks bullish in the short term. But you gotta be very careful because either we are about to see a new parabolic run all the way to $100k+ or this will end up being a trap.
In both scenarios there are some confirmations for which we will wait and I will keep you posted.
What do you think about it?
If you like it, do hit. the like button and share your views in the comment section.
Thank you
#PEACE
If you are reading my updates for the first time, do consider following me if you want the most complex charts in simplified unbiased manner. I also post margin and futures trade setups.
Now lets's get to the chart.
BTC retested the $34k level making a low of $34,222.
As I said in my previous chart, I'll be adding on spot till $33k.
Although there is a lot uncertainty in the global market but everything is in the chart if you look properly.
Bitcoin is making a green candle on this 200D MA in the 3 days chart.
The candle closes in the next 31 hours.
TBH, That's a nice DOJI.
Once we see the weekly as well as 3 day candle closing above $38k things will get better in the short term.
Still It's hard to say that correction is over.
CONCLUSION:- BTC looks bullish in the short term. But you gotta be very careful because either we are about to see a new parabolic run all the way to $100k+ or this will end up being a trap.
In both scenarios there are some confirmations for which we will wait and I will keep you posted.
What do you think about it?
If you like it, do hit. the like button and share your views in the comment section.
Thank you
#PEACE
Trade active
BTCUSDT short time frame Update:- The best entry for going long on BTC would be somewhere between $37.5k to $38.6k with SL around $37170.
I've got a few questions regarding going long on BTC so thought to post this.
Hope to help.
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.