As predicted earlier BTC was gonna go to 60k and it went fortunately. The Problem is 59.6k Monthly resistance which is quite an important level. BTC needs to flip that level which is the green line and if it doesn't we can expect a pullback to 52 level. I'm neutral at the moment watching the levels.
I'm gonna make it quite simple BTC dominance is still in uptrend....
After the correction is September we're most likely gonna see a golden cross coming soon. A Golden Cross is a basic technical indicator that occurs in the market when a short-term moving average (50-day) of an asset rises above a long-term moving average (200-day). When traders see a Golden Cross occur, they view this chart pattern as indicative of a strong bull...
Well BTC as always shocking the world. I think the EL Salvador news is the cause of these pumps like always buy the rumor and sell the news. The September correction is still pending. It won't be a major one to make the bears happy the bulls look more at control. There can be a 10-20% correction in September. BTC is forming a higher lows and higher highs so it's a...
As in my previous analysis I predicted BTC would actually go to 49.3k and might face rejection and BTC did that. Today BTC made a cup and handle on 4h,1h time frame but it was a bull trap RIP long positions. BTC is actually forming a downtrend preparing for September correction. The correction's target is 39.2k but the 42k support level is the most important level...
Well BTC was interesting today. Due to the closure of option contracts we saw BTC dumping from 49k to 46k retesting the uptrend. The bulls managed to keep it above 46k and making it above 49k. Looking at the breakout of this falling wedge my target is 49.34k ( can go up with high volume). There are few concerns with this pump:
1. Low Volume
2. Upcoming weekend
3....
BTC formed a small falling wedge in 1h Time Frame and 4h time frame which made a bullish reversal from 47k level. Currently BTC is facing 49k resistance having multiple rejections from 49.2k. If BTC flips the resistance we might see it hitting the target 50.5k and might go to 53k. If you'd ask me I'm more comfortable with 50.5k. If BTC breaks down we might see it...
