#52.5k on board?? Or just a Trap!! Scenario for New ATH!👀✌🏼
I'll keep it short and to the point, BTCÂ If breaks and closes above this 50.7k level then this could be the first triumph for the Bulls.
The second and foremost priority will be the 52.5k level, If BTC closes above this level then the correction from $64.8k to $28.9k will eventually end up being a pullback in a macro trend.
We’re at the resistance. No smart move unless the trend is confirmed. Daily Close above 49.4K is the first step.
It's exciting to see how BTC is holding the 49k level.
Remember this could be it, last quarter could amazing for us BTC breaks above these levels. I trade through unbiased charts but if you know me well, I have always been and will always be a bull. Right now I am mostly parked in USDT and some large caps.
My aim is to help noobs and inexperienced traders to avoid traps, both bull and bear traps.
Let's see how the daily closes.
We are still at the resistance nothing confirmed yet.
ALTS in BTC pair are in danger, just keep that in mind.
For the BULLISH TREND TO STAY INTACT BTC needs to maintain 49.4k in Daily close.
Thank you
Do hit that like button if you like this update and share your views in the comment section.
#PEACE
The second and foremost priority will be the 52.5k level, If BTC closes above this level then the correction from $64.8k to $28.9k will eventually end up being a pullback in a macro trend.
We’re at the resistance. No smart move unless the trend is confirmed. Daily Close above 49.4K is the first step.
It's exciting to see how BTC is holding the 49k level.
Remember this could be it, last quarter could amazing for us BTC breaks above these levels. I trade through unbiased charts but if you know me well, I have always been and will always be a bull. Right now I am mostly parked in USDT and some large caps.
My aim is to help noobs and inexperienced traders to avoid traps, both bull and bear traps.
Let's see how the daily closes.
We are still at the resistance nothing confirmed yet.
ALTS in BTC pair are in danger, just keep that in mind.
For the BULLISH TREND TO STAY INTACT BTC needs to maintain 49.4k in Daily close.
Thank you
Do hit that like button if you like this update and share your views in the comment section.
#PEACE
Trade active
If you ask me how do you WANT BTC to react to the current situation?
This is what I want, not exactly what I see! Just a rough Idea!
Who knows!!
Trade active
Perfectly followed the path I wanted not the one I expected!
Seriously what a crazy ride!
Landed Dubai, will be posting more and more charts soon.
BTC may be entering into a new Bullish Cycle. All Major resistance levels have been broken. Surpassing the 65k level seems likely and if that happens expect a $100k + Target till the EOY.
Trade active
BTC is likely to break to a new ATH, New Analysis coming tomorrow, Stay tuned.
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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.