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CryptoPatel
4 jun 2021 09:47

Bitcoin is Ready to $50000 because retest done as per Chart Lång

Bitcoin / TetherUSBinance

Beskrivning

#BTCUSDT TA Update:

BTC currently trading at $36800
And strong bounced back from our retest level/Support.

Red Box is a Strong support level.
The above red box is bullish.

As Per the chart, we can see Retest also done after the breakout.

Entry:- $35600-$36800
Targets:- $40000/$43720/$49700

Stop Loss:- $35000

Alert :-
If break down $35500 then Bearish.

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Kommentarer
UnknownUnicorn10828932
I'm against ya, you lack the knowledge on volume
maybe your analysis on volume results in bullish action but right now there is another trap for ya
take your hands of from 50k
price is not a ball which is jumping somewhere
find balance dude
Cryptomania2363
@reza_1515 nah you re the Rekt one ☝️. Happy liquidation 🤡😬🚀
CryptoPatel
@reza_1515, maybe But I will try my best of my own analysis tools dear.

Thakn you
UnknownUnicorn10828932
best wishes for you two
Ether2020
Guys what worries me for the moment is for example coins like Litecoin. They have already broken out of the triangle to the downside! Ethereum is still above the lower ascending trendline and BTC too. The bulltrap was also not a positive sign. I knew it would not hold it above the trendline. Simply there was no volume. What you want to see is a big green candle with the breakout and 3 times average volume.
Well there was plain nothing from volume. That are important warning signs.
The bearish rising wedge with targets below the triangle also predict no positive things. I am doing some long term analysis because when in doubt just zoom out! You get a much better picture!
CryptoPatel
@Ether2020, big time frame is bearish but I can expect one more time 50000$
Ether2020
@CryptoPatel, Thanks dear for your answer! I have exact same idea! The bull is only finished when BTC skydives under the triangle and as long as it is holding we are still in. Pure pricaction better then indicators!
Bitpal488
@Ether2020,you have a point..
Ether2020
@Bitpal488, Yes indeed Bitpal! This market is extremely tricky! So untill we all prepare for a skydive, I did not see it yet although we are close ;-)
Mer