ATH
BREAKOUT OR RETEST??? WILL BITCOIN REACH IT'S ALL TIME HIGH?Hello folks,
Welcome to this another important update on BTC price in 8 hours timeframe.
First of all, thank you everyone for being so supportive. I feel honored to help you guys with my charts and quality content.
In this Tradingview platform, I provide 100% original and thoroughly analyzed content. I like to keep things easy and simple for my viewers.
Now, let's get straight to the chart.
In my previous update (link is in the related ideas section below), I mentioned that BTC is under the rising wedge pattern, and in order to respect this pattern it must reach the $59k resistance level.
Well, It surely did respect the pattern.
So, now what?
Now, according to my analysis, BTC must show some rejection from this level and if it happens then it may possibly go all the way down to Support 3 ($47500). I know, it sounds rubbish but that's what the chart says.
This rejection will only get invalidated if BTC breaks above the $59k resistance level. It can happen now or maybe after some sideways or downward consolidation. Once BTC reaches the $60k level then soon it'll try to test the ATH which will be interesting to see.
I will be happy if my rejection opinion turns out to be wrong, LOL! And if it turns out to be correct then I will rather take it as a buying opportunity.
What do you think about the BTC price move?
Do you think a rejection/correction is coming in?
Do you think BTC could reach its all-time-high?
Do hit the like button and share your views.
Every single likes and comment are highly appreciated and it motivates me to post more quality updates.
See you guys soon with a new update.
BTCUSD is in 60K resistance zone and also ATH is ahead At this 4H update, we are looking at the previous trendline that broke and it seems that it was just a fake breakout and hitting stop loss of bears that were looking for a price like 60000$ to sell.
But we should also consider that BTC is really bullish and also it can look for new ATH here if the price retest this broken trendline and start to pump hard like a green path.
DISCLAIMER: ((trade based on your own decision ))
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BTC's last parabolic move before the bullrun endsBTC reaches for the All-Time High, people that got scared out of the market are back in the game to buy the top (once again)
And of course, the Media will push Bitcoin and lots of new buyers (the barber from the corner and your neighbour tell you about it)
And we all know:
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
And after that, the altcoin market will go absolutely nuts.
We will see x5, x6 x7 x10.
But this craziness will sound the death knell of the Crypto Bullrun
BTC DAILY CHART SHOWING STRONG PROMISEBTC is moving forward defying more odds. As she continues to make apparent support above 59K, FOMO will start to set in. With this in mind, as well as, the EFT's coming, it should spark a wild fire. The instant price action may catch most off guard due to instant volume influx.
BITCOIN is only small step away from ATH! Bitcoin has overcome the resistance zone and now has a clear path to a strong psychological limit of $ 60,000 .
If it crosses this limit, we are only a small step away from ATH.
Ladies and gentlemen, at the moment we have a new history of the Bitcoin award.
Please fasten your seatbelts, the ride can begin!
Happy trading!
@Alex_UCT
TEZOS UP 20% WITHIN DAYSTezos has break a resistance of descending channel perfectly matching a handle in a cup and handle formation (only broken by the China crackdown news just to re-enter the channel). Already confirmed WAVES 1,2,3 of an 12345 ELLIOT WAVE with retracements and corrections matching the expected FIB levels.
A minor correction is expected ( WAVE 4) to be followed by the final ascending wave 5.. (100% fib)
OPEN POSITION @ 7.75
STOP LOSSES @ 6.85
TAKE PROFITE @ 9.00
We ve been tracking this coin a long time and it is one of the most promising coins out there due to technicalities and marketing.
This is not a financial advise, just my oppinion
ETHEREUM CHART BULLISH IF IT BREAKS ATHLong term ETHERUEM looks bullish if it can break ATH.
1. ETH has some lovely ELLIOT WAVES
2. ETH holding major SUPPORT & RESISTANCE
3. ETH trading in a major CHANNEL
4. ETH is likely to have an ABC CORRECTION
5. ETH has a DOUBLE TOP M PATTERN
6. RSI HIDDEN DIVERGENCE
long term a great investment, NFA, DYOR.
Path to glory!!! $BnBEasy to follow:
Market sentiment is changing to bullish once again,
We are currently at EQ of this bullish channel
We need you break through it and maybe retest is multiple times for more confirmations
The chart is at daily time frame so don’t FOMO, i think we will get enough opportunities to buy BnB at a reasonable price.
First target is at upper line of this channel, then we will lead with fibonacci extension tool.
61 is coming soon on a breakthru of 4hr chart's rising wedgejust another rising wedge is displayed successfully from the resistance of 56500, the upcoming technical price is coming in around 61100 very soon, AS btc dominancy is increasing steadily and this is a very bullish sign for bitcoin bull rally, and a breakage for alts.