Pro Analysis
We expected a bounce and it happened. BTC is doing exceptionally good here. It went as expected. If the uptrend continues then $49k to $50k will be the possible target like we said it in our previous chart. Remember: BTC has bounced 11% so far after bouncing…
Quick update on BTC:
Looks like BTC is forming a rising wedge pattern which is good for short-term. We saw some reds yesterday but eventually it bounced back from the $47k support. As you can see in the chart, BTC broke out of the blue box channel that we were talking about in our previous post, retested it and currently bouncing strong. This may possibly push the price to $50k during the weekend and after that some consolidation to continue the rising wedge pattern.
On the other hand, if BTC breaks below the rising wedge lower trendline and then breaks further below the $47k support (which may not be that easy) then this chart will be invalided and we may see some serious fall towards the $44k.
Key notes to observe:
1. Formation of rising wedge pattern.
2. Bouncing from the support.
3. $47k important support.
4. $50k possible target.
We are still holding out trades posted previously with tight SL. We are looking into some new trades which will be posted soon.
So, stay tuned.
Looks like BTC is forming a rising wedge pattern which is good for short-term. We saw some reds yesterday but eventually it bounced back from the $47k support. As you can see in the chart, BTC broke out of the blue box channel that we were talking about in our previous post, retested it and currently bouncing strong. This may possibly push the price to $50k during the weekend and after that some consolidation to continue the rising wedge pattern.
On the other hand, if BTC breaks below the rising wedge lower trendline and then breaks further below the $47k support (which may not be that easy) then this chart will be invalided and we may see some serious fall towards the $44k.
Key notes to observe:
1. Formation of rising wedge pattern.
2. Bouncing from the support.
3. $47k important support.
4. $50k possible target.
We are still holding out trades posted previously with tight SL. We are looking into some new trades which will be posted soon.
So, stay tuned.
BTC is once again at the $47k support. If we don't see a bounce here then BTC might fall back to $46k, $45, and $44k.
A bounce will gain the momentum once again to continue the pattern.
If you are holding any trades then stay close to the SL.
Our MATIC, TOMO, and BZRX trade setup hit the at least the first target and I hope you all made some profit out of it.
A bounce will gain the momentum once again to continue the pattern.
If you are holding any trades then stay close to the SL.
Our MATIC, TOMO, and BZRX trade setup hit the at least the first target and I hope you all made some profit out of it.
Pro Analysis
BTC is once again at the $47k support. If we don't see a bounce here then BTC might fall back to $46k, $45, and $44k. A bounce will gain the momentum once again to continue the pattern. If you are holding any trades then stay close to the SL. Our MATIC…
BTC is bouncing back from it's support. The daily close was above $47k which is a good thing for the market. Expecting an upward rally but also keeping in mind the rejection point.
We will update more on this so stay tuned.
We will update more on this so stay tuned.
BTC failed to keep up with the upward rally. It got rejected from $48,800 which wasn't as expected. But we are still on this game of upward rally as BTC is bouncing back from the supporting trendline. If BTC fails to hold this level then we have $47k as a strong support. A bounce from this level will turn out to be great for BTC and the market. A daily close $49k would be amazing.
Let's wait for the best.
Let's wait for the best.
Update on BTC price action.
Like we said BTC got rejected from $48800 and failed to continue with the upward rally. As per the current scenario BTC is bouncing back from the lower trendline and we expect BTC to hold this level and continue with the rising wedge pattern. If it fails to do so then $47k will be the ultimate support.
We have the weekly close coming in so let's see where BTC will lean.
Like we said BTC got rejected from $48800 and failed to continue with the upward rally. As per the current scenario BTC is bouncing back from the lower trendline and we expect BTC to hold this level and continue with the rising wedge pattern. If it fails to do so then $47k will be the ultimate support.
We have the weekly close coming in so let's see where BTC will lean.
BTC broke below the $47k support and it bouncing right back from the 200 MA ($46800) in hourly timeframe. If BTC fails to hold the 200 MA support then $46k, $45k, and $44k will be on the way.
We need a weekly and daily close above $47k.
Trade safe and avoid leverage trading.
We need a weekly and daily close above $47k.
Trade safe and avoid leverage trading.
Pro Analysis
BTC broke below the $47k support and it bouncing right back from the 200 MA ($46800) in hourly timeframe. If BTC fails to hold the 200 MA support then $46k, $45k, and $44k will be on the way. We need a weekly and daily close above $47k. Trade safe and avoid…
BTC failed to hold and close above the $47k which lead the price back to the $44k to $47k channel. Currently, BTC is struggling to hold the price at $44670. If it cannot hold this level then $44k will be the strong support followed by $42600 and $40900.
What a way to start Monday.
What a way to start Monday.
Pro Analysis
BTC failed to hold and close above the $47k which lead the price back to the $44k to $47k channel. Currently, BTC is struggling to hold the price at $44670. If it cannot hold this level then $44k will be the strong support followed by $42600 and $40900. What…
Quick BTC price update:
Like we said, BTC was struggling to hold the $44600 level and the rejection dropped the price all the way to $42500 close to our support level we indicated.
This drop left a long shadow which indicates a strong buying pressure. Currently, BTC is trying to break above the $44k resistance which was previously a strong support. If at all BTC breaks and closes above the $44k then we may possibly see the price rally back to the $47k.
Whereas, on the other hand a rejection could be dead serious for BTC.
The market can move is any direction from here so be careful with your trades.
Like we said, BTC was struggling to hold the $44600 level and the rejection dropped the price all the way to $42500 close to our support level we indicated.
This drop left a long shadow which indicates a strong buying pressure. Currently, BTC is trying to break above the $44k resistance which was previously a strong support. If at all BTC breaks and closes above the $44k then we may possibly see the price rally back to the $47k.
Whereas, on the other hand a rejection could be dead serious for BTC.
The market can move is any direction from here so be careful with your trades.
BTC got rejected from $44k and the price dropped till $40200 breaking down all the supports. We can see the same thing happening here, BTC leaving a long shadow behind. Now BTC is at $42300 trying to reach out to $42600 resistance (previously support).
We have another support forming at $38k. A 2nd rejection will drop the price up to $38k support or even lower.
Now, according to the daily timeframe, $37k to $38k is the last line of defense for BTC. If the price did not hold here then we may possibly see further drop to $35k, $33k, $29k.
The market is seriously taking a bad shape. Remember, in this market, everything happens for a purpose and this current drop as well.
We have another support forming at $38k. A 2nd rejection will drop the price up to $38k support or even lower.
Now, according to the daily timeframe, $37k to $38k is the last line of defense for BTC. If the price did not hold here then we may possibly see further drop to $35k, $33k, $29k.
The market is seriously taking a bad shape. Remember, in this market, everything happens for a purpose and this current drop as well.
Pro Analysis
BTC got rejected from $44k and the price dropped till $40200 breaking down all the supports. We can see the same thing happening here, BTC leaving a long shadow behind. Now BTC is at $42300 trying to reach out to $42600 resistance (previously support). We…
This isn't looking good. We have a support at $40900 but looks like we're gonna drop further down.
If BTC breaks this support then $38k would be the next support.
If BTC breaks this support then $38k would be the next support.
BTC update:
BTC is still under pressure as every moves by the bulls are getting rejected. In our last post, BTC was struggling to keep up with the $40900 support but it dropped further down till $39600. From that level, we saw a quick bounce and currently BTC is yet again struggling to break the $42300 resistance level.
Will BTC bounce back from here or is it just a temporary bounce to break further down?
Well, until and unless BTC breaks above the 21 MA and interrupt the falling pattern, we cannot call it to be bullish.
We will update more on this if we see any confirmation.
BTC is still under pressure as every moves by the bulls are getting rejected. In our last post, BTC was struggling to keep up with the $40900 support but it dropped further down till $39600. From that level, we saw a quick bounce and currently BTC is yet again struggling to break the $42300 resistance level.
Will BTC bounce back from here or is it just a temporary bounce to break further down?
Well, until and unless BTC breaks above the 21 MA and interrupt the falling pattern, we cannot call it to be bullish.
We will update more on this if we see any confirmation.
Pro Analysis
BTC update: BTC is still under pressure as every moves by the bulls are getting rejected. In our last post, BTC was struggling to keep up with the $40900 support but it dropped further down till $39600. From that level, we saw a quick bounce and currently…
BTC quick update:
Finally BTC is above the 21 MA but still it has a bigger challenge to face and that is the $44k resistance. Once if BTC breaks this resistance and closes above it then we consider some bullish confirmation.
The daily close above $44k level would be a good sign. BTC is still under the resistance so be careful.
Finally BTC is above the 21 MA but still it has a bigger challenge to face and that is the $44k resistance. Once if BTC breaks this resistance and closes above it then we consider some bullish confirmation.
The daily close above $44k level would be a good sign. BTC is still under the resistance so be careful.
Like we mentioned in our previous post, BTC has a bigger challenge to face, the $44k resistance level. We can see it in the chart that BTC tried to break the resistance multiple times and it is still continuing to do so. This shows the pressure coming in towards the sellers side which means bulls are trying to dominate the bears. Another bullish sign backing the bulls are the bullish crossover which can possibly happen soon and if everything works well then we may see BTC breaking the $44k resistance before the daily close.
On the other hand, a rejection might lead the price back to $42k.
More updates coming in so stay tuned.
On the other hand, a rejection might lead the price back to $42k.
More updates coming in so stay tuned.
Pro Analysis
Like we mentioned in our previous post, BTC has a bigger challenge to face, the $44k resistance level. We can see it in the chart that BTC tried to break the resistance multiple times and it is still continuing to do so. This shows the pressure coming in towards…
Breakout! All we need is a close above this resistance.
BTC 4 hours chart update:
What a dump it is to start the weekends.
A straight -6.66% dump so far. This is absolutely crazy! Our previous 2 hours chart got invalidated and BTC headed towards the rejection back to $42k and it is not done yet.
Now, in 4 hours timeframe, there is a possibility that BTC can reach $40k to $41k level and then show some positive bounce. That will be a crucial level and BTC must bounce back because if it doesn't then the next support in the chart is the $38k level.
This is the reason why we always tells you to be careful with your trades and use SL to be on the safer side.
What a dump it is to start the weekends.
A straight -6.66% dump so far. This is absolutely crazy! Our previous 2 hours chart got invalidated and BTC headed towards the rejection back to $42k and it is not done yet.
Now, in 4 hours timeframe, there is a possibility that BTC can reach $40k to $41k level and then show some positive bounce. That will be a crucial level and BTC must bounce back because if it doesn't then the next support in the chart is the $38k level.
This is the reason why we always tells you to be careful with your trades and use SL to be on the safer side.