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Btcwillrisesoon!

#BTC/USDT 4HR CHART UPDATE !!Hello, traders welcome to another BTC/USDT chart update. It is clearly can observe that BTC is currently following the wick-off theory. Here we can see that BTC was again unable to sustain the price level of $30400 and got rejected from the mid dotted trend line resistance. BTC again left a wick after dropping to the price level of $29300. BTC needs to close above the green support zone. If BTC follows the wick-off theory then this green zone will be the golden zone to enter the market, and BTC will pump from here and rally towards the price level of $32.5k. BTC needs to break above this channel pattern which will be the turning point for BTC again to rally hard. RSI also prints bullish divergence and follows the lower trend line and moves upward. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
by Domino_Crypto
Bitcoin Forect Or Small Strokes Fell Great OaksHi traders! All of us were a bit shocked by the BTC price action. Frankly speaking, we didn’t expect such rapid price fall. Nevertheless, we find it kinda normal. Come on, it’s crypto! Any trader should be ready for the worst, you know. But, if we tell you that this price action is kinda normal thing and we have already seen such fells in past? As you know, there is the thing that’s called option. Every month, approximately in the middle, the price falls rapidly and makes all of us a bit nervous. However, let’s have a look at the plot. As you see, we have 18-27% down swing every approximately every month last year. It’s not profitable for option issuers to sell BTC by the price that’s smaller than the market. February, March and now – April, the same pattern, the same stress. How do we see the future price action? We are expecting of consolidation on 51200$(approximately 0.236 Fiba level). Why? Cause we have a strong support level here, that’s confirmed by previous price action. Moreover, it’s confirmed by rejection from it of today’s “dead candle”. After it, we are expecting the growth and breaking up the 0.5 Fiba and consolidation near 0.618 Fiba (for about 67000$). We are still bullish and believe in BTC great future.
KRAKEN:ETHUSD
by Skyrexio
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