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ATH

BTC wants the 70k 🦐BTCUSDT after the break of the bull flag is now testing the resistance at the previous ATH. The price is moving over an ascending trendline and according to Plancton's strategy if the market will break above we can set a nice long order opportunity. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
22
BTC UpdateHere's a quick look at btc 1 hr chart. As we can see the has formed a falling channel and is very close to breaking it. If we break, then we might run up to 60k and retest that level. Or we might see a rejection here and fall back to the 57.5k. Also if we break 60k, there will then be a target of 68k in play due to the inverse head and shoulders! Follow me for daily profitable trading setups :) BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
4
Bitcoin ATH soon?Bitcoin 4h look: We can see on the 4H that a symmetrical triangle has formed, this is an un-biased pattern, although we are in a clear uptrend, and these kinds of patterns usually come as continuation patterns, the green boxes, and red boxes mark, support, and resistance areas. Regardless of this being a continuation pattern, we must pay attention to the other indications that we are seeing, we can clearly see that the sell volume is significantly higher to the buy volume. This could mean that we could have a liquidation event heading us to the lower green box support area, before being able to move upwards. We do have an un-confirmed bearish divergence on the RSI, well see how it plays out. My bias is bullish, and IMHO we should be seeing a new ATH soon. Bitcoin 1H: In the 1-hour timeframe, we can see that we have created equal lows (Purple horizontal trendline), and the liquidity was swept out of the market in the last dump, this is good, although we see a clear imbalance area (price inefficiency area). This is a very technical term, but short story long. This is a place where the price was not able to cover short positions, this because the price moved too quickly. This creates areas were the price in not in balance, and we usually fill these areas. Having this in mind I am looking out for a quick wick down into the imbalance, which lines up with the equal lows, before moving further upwards. What are your thoughts?
INDEX:BTCUSDLong
by Legutz