BTC-USDT - December 12
BTC is still there where it was 7 days ago. Nothing changed and it can't maintain it beyond 17155. Next support of 16430 is crucial. If it rises above 17588 a probable bullish point is anticipated. However, I believe there is a good chance that the 18200-18900 section cannot be broken upward if money does not enter the coin market.
BTC is in triangle along with its bear flag and has almost touched its main resistance at 17500 as I have already told you in my previous charts. At the moment its moving within range of 17000 - 17500 area. This area will decide the next movement but over all still it's bearish.
There will be volatility in this week because tomorrow there will be CPI data and next day Fed Rates will be announced. I think there will be some upward movement for account liquidation and after that it will be dumped or may be it will not go up and directly move to down.
16800 is strong support at the moment and if breaks then 16430 will be last strong support for BTC . 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 .
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.
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!
BTC is in triangle along with its bear flag and has almost touched its main resistance at 17500 as I have already told you in my previous charts. At the moment its moving within range of 17000 - 17500 area. This area will decide the next movement but over all still it's bearish.
There will be volatility in this week because tomorrow there will be CPI data and next day Fed Rates will be announced. I think there will be some upward movement for account liquidation and after that it will be dumped or may be it will not go up and directly move to down.
16800 is strong support at the moment and if breaks then 16430 will be last strong support for BTC . 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 .
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.
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.