#BTC_UPDATE :- #BTC Doing Great And Break Resistance Zone & Now Resistance Zone Become Support Zone.

Now We Want Retest (41500-43300) Of Trade Line Or Support Zone For Next Healthy LegUp. Next Target Would Be 49k-51k.

Normal Correction Can Happen But Over All #BTC Looking Bullish Till Now. Last Time We Got Buy Signal Around 20k Zone After That #BTC Price Hit 64k. Now Again We Get Buy Signal And Lest See Where We Will Go...😉😎

https://www.tradingview.com/x/CFTmTzQv/

#BTC UPDATE

Great! Bitcoin has touched our bids at the $58,500 support so we averaged our position. As long as we stay above this level, the priority is strictly upwards.

We didn't sell anything, vice versa we are buying this dip. Later today will publish some coins we averaged there.

#BTC UPDATE

The light orange zone zone is the filled with massive supports and buy orders. High interest zone. The main support of this trend is located at the $53,000. If we retest this level and bounce from there, the priority would be strictly upwards.

So, here is our plan: we hold our bag and will buy some more in case of the $53,000 test. From there we must move upwards. If this level is broken, we would consider selling a part of Bitcoin.

https://www.tradingview.com/x/CGzdOFU0

#BTC Update:

Price previously failed to hold above the support at $38k and currently is above a M1 key level and 21 EMA support. We need a weekly close atleast above the current W1 100 EMA support in order to be on the less bearish side.

Things are currently unclear as price has not been very stable.

#BTC UPDATE

What do we have for now?

Bitcoin is extremely weak, zero buy pressure. The $39,600 level that we told you about is now acting as the strong resistance. Bunch of people want to open SHORT position there. So, there are two options:

1. The price won't reach this level and reverse downwards from ±$38,000 zone. Target would be around $30,000.

2. The price will break this level upwards and go to the $43,000 zone to trigger stop losses and liquidations of those who opened SHORT position too early.

Overall priority is bearish, downwards and not good at all. Bears break the supports easily and bulls have nothing to do with it. However, we should see a relief bounce from here since indicators are oversold.

#BTC UPDATE

While Dollar looks super strong, stocks and crypto are still extremely weak.

The $36,000 support moved to the $37,000 and now acts as the resistance, the price is located below it and heading downwards.

The target of the coming dump is ascending trend (red) line and $31,400 support.

#BTC Update

I bought #BTC 39xxx !!

Spot only !!

#BTC UPDATE

We still hold 40% of the deposit in Bitcoin, nothing serious has happened yet.

As you can see, the price has perfectly retested the descending channel resistance and now consolidating above the $39,700 support.

❗️You need to understand that this market doesn't have any trend, we just trade pointless fluctuations. Risks are higher, rewards are lower. If you prefer safe trading — wait until the trend would be determined.

#BTC UPDATE

This is what we have at the local Bitcoin chart. Rising wedge pattern which is an opposite to falling wedge. Bearish pattern.

Moreover, there is a resistance above the current price level — $30,750. And finally — gap at the CME Bitcoin Futures contract with the down border at the $29,000 level.

All these factors give us a rather bearish picture.

As you know, when the market is truly bullish, no TA patterns really work and the bulls just push the price upwards. Now it’s a good time for them to show their strength. If it happens and we break $31,000 — good, we would go further upwards. If it doesn’t happen — we would dump below the $30k again.

#BTC UPDATE

Here is the most detailed chart you can find on Bitcoin, all important levels were marked. Let's examine it.

First of all, there is a pennant (black lines) that is currently breaking upwards. It was formed by the crucial ascending support level. If this pattern is broken upwards, we will see the price at the important resistance of $21,900 - $22,000.

This resistance also acts as a resistance of the big ascending triangle (red lines), which is a bullish pattern.

Therefore, the plan is quite simple: if the pennant breaks upwards, the first target will be at $22,000 and the second target will be at $23,700. And other case: if the pennant breaks downwards, then most likely we will see Bitcoin at $18,000 any time soon.

#BTC UPDATE

The dump has come, as we wrote yesterday. Bought a part at $23,700 and some bids below the $23,000 level were also filled. Now holding 40% of the portfolio in Bitcoin.

Expect the price to go up from current points, targets remain the same (read previous update)

#BTC update. You know this pattern?