BTC-USDT - November 30
Today Bitcoin was pumped till 17000 which I have already updated in my last few charts. Its the end of the month so there was expected some recovery. Its the top of descending triangle but within its bear flag and to hold this area. Bitcoin idea is still same but at the moment we need to see the breakout from triangle top and bottom. If breaks up then expected move could be 17500 - 18000 but there could be less chances of 18k or may be it can't break the 17000 properly.
Today there is Fed Chair Powell Speaks so it can move up and down. Still Its holding 16k and trying to break the 17k area and if it can't break 17500 it then it will be down to 15440. There could be some fake pump and manipulation as well.
Still I think it has not power for upward but its market and there could be up and down so be careful.
In a big picture its still bearish till 13K - 14K or may be more down to 10k. Its main support is 15300 and Bitcoin has not touched its bottom till now because no one know how much it can go down but if you see the over all market and Bitcoin chart you will see that if it break 14k area then 10k will be the crucial for Bitcoin and buyers. At this time buyers and sellers both want more down.
By the way Bitcoin looks weak and I am expecting no bounce here, but in any case if it bounce then expected rejection from 17100.
It will be bullish whenever it will cross 30k.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
Today there is Fed Chair Powell Speaks so it can move up and down. Still Its holding 16k and trying to break the 17k area and if it can't break 17500 it then it will be down to 15440. There could be some fake pump and manipulation as well.
Still I think it has not power for upward but its market and there could be up and down so be careful.
In a big picture its still bearish till 13K - 14K or may be more down to 10k. Its main support is 15300 and Bitcoin has not touched its bottom till now because no one know how much it can go down but if you see the over all market and Bitcoin chart you will see that if it break 14k area then 10k will be the crucial for Bitcoin and buyers. At this time buyers and sellers both want more down.
By the way Bitcoin looks weak and I am expecting no bounce here, but in any case if it bounce then expected rejection from 17100.
It will be bullish whenever it will cross 30k.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
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.
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.