Btcsignal
Bitcoin heading for 42K zone. Will we see a breakout ?Finally #bitcoin is back in action. It is constantly moving up at an impressive pace.
Going by the chart, I have marked two zones for BTC. As long as it stays within the Green zone, it will stay bullish. However if it enters the Red zone, then it will turn bearish.
Hopefully today we will get to see where BTC is heading.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Looking for possible moves in BTCUSDFirst of all : I see 3 cases in BTC :
1)BTC is doing a V correction and is going to the upside and will mark a top in the 72-85k price range and after that a correction of about 40-50% will likely happen based on historical runs of 2013 and 2017 where BTC has crashed at a steep pace after marking its top and retracement back to about 70% or (in fib 70.2) where most alt coins complete their bull runs. Some alts finish along with BTC based on historical data .EG : LTC,DASH,BCH,etc.
2) BTC is doing a ABC correction and will go down as deep as 35k and will see a reversal and will move upward as mentioned in point 1 .
3) BTC has marked it's top and is on a correction and may go as low as 30-35k price range and do a final retracement to about 55-58k price range where reversal will happen .However i find this very unlikely but again it can happen .
IF BTC played out like expected then i expect BTC to bottom down between 10 to 14k price range.12k USD price is what I'm seeing as bottom.
I stay entact to what I said in previous ideas and the data mentioned here is in reference of those ideas.
#These factors rely on BTC topping out during the 70 to 85k price range based on the 2013 bull run.
#Consider this invalid if BTC breaks 100k USD
#DYOR
#This is not investment advise
BTC / USDT : 🚀 Update analysisBuy : 31200$ x10
Target 1 : 32500
Target 2 : 34000
Target 3 : 36000
Stop loss : 30000
The current movement for BTC above critical support at $31.2K
if bulls holding and price rebound again to $38K, in this case, will see BTC breakout probably.
if the Bulls fail to do that and the bears breakdown this support zone we will see $30K as the next level for bears!!
in time like that, you have two option to do:
1-Open long position from support area with tiny stop - loss.
2-Wait for confirmation and trade with market direction.
The current bullish targets above $33K located at
BTCUSDT LAST UPDATE... BTC TO LONG AGAIN !!Bulls showing defend from sub support we mentioned in the last short-term update but look like they lack sufficient momentum to push the price up strongly!!, be sure you follow risk management if you decide to trade the moment!!
As we explained in the last update if Bulls fail to push prices up from current support, and BTC closed below $35K daily means bears want to test $32.7K again!!
overall in the current time, Alts take the chance and shows good performance
BTC is attacking the strong supply zone to reach 20KASX:BTC
BTC touches the strong supply zone for the sixth time and can break it this time.
Confirmations:
* The Span B crosses Span A and the green cloud formed.
* ChikuSpan and Tenkensen are top of the Kumo cloud.
* Tenkensen crossed the Kijunsen from below.
* The mentioned strong supply zone touched for the sixth time and could be broken this time.