#BTC/USDT Daily Analytics Update 5th November
- Today I want to talk to you about the BTCUSDT chart.
Not time ago, Bitcoin exited of consolidation and breakout of resistance level.
I expect the price can make correction to the new support level which was top part of consolidation.
For this reason, I set target on the support level, which is located at $21000
I expect this scenario.
This is my opinion, I really hope it will be useful for you.
Be prepared and save your money. Make big profits!
- To open position only after confirmation and setup which you trade
- Always do your own research before opening positions and always put SL
https://www.tradingview.com/x/5aPSoKzR/
- Today I want to talk to you about the BTCUSDT chart.
Not time ago, Bitcoin exited of consolidation and breakout of resistance level.
I expect the price can make correction to the new support level which was top part of consolidation.
For this reason, I set target on the support level, which is located at $21000
I expect this scenario.
This is my opinion, I really hope it will be useful for you.
Be prepared and save your money. Make big profits!
- To open position only after confirmation and setup which you trade
- Always do your own research before opening positions and always put SL
https://www.tradingview.com/x/5aPSoKzR/
TradingView
TradingView Chart
#BTC_USDT:
#BTC Short term view 👇. Showing perfect Bull flag. Break out will confirm bullish move✅
https://www.tradingview.com/x/IwoYHrpp/
#BTC Short term view 👇. Showing perfect Bull flag. Break out will confirm bullish move✅
https://www.tradingview.com/x/IwoYHrpp/
TradingView
TradingView Chart
#BTC/USDT ANALYSIS
BTC is attempting to break out the key resistance level of $21500. It is making it weak in each attempt. Now it is moving in a narrow range between $20400 to $21400.
MACD crossover is showing bullish momentum, and hash ribbons have also given a buy signal after a long capitulation. MA 100 and Ichimoku cloud has broken after a long time. All these confluences are showing bulls are back in action.
We've to wait for a solid breakout of the long descending trendline for the confirmation of a strong bullish trend in the market.
bitmart.tech
BTC is attempting to break out the key resistance level of $21500. It is making it weak in each attempt. Now it is moving in a narrow range between $20400 to $21400.
MACD crossover is showing bullish momentum, and hash ribbons have also given a buy signal after a long capitulation. MA 100 and Ichimoku cloud has broken after a long time. All these confluences are showing bulls are back in action.
We've to wait for a solid breakout of the long descending trendline for the confirmation of a strong bullish trend in the market.
bitmart.tech
Forwarded from The Crypto Express
#BTC/USDT ANALYSIS
BTC is still holding above the horizontal support and trading below the MA 200. RSI is trading in the mid-zone and showing neutral signals.
A move above the MA 200 with a good volume would be a sign of further consolidation, while a sustained breakdown of the marked horizontal support, will be a sign of correction in the market.
BTC is still holding above the horizontal support and trading below the MA 200. RSI is trading in the mid-zone and showing neutral signals.
A move above the MA 200 with a good volume would be a sign of further consolidation, while a sustained breakdown of the marked horizontal support, will be a sign of correction in the market.
#BTC/USDT ANALYSIS
BTC is in long consolidation in the marked zones. Currently, it is bouncing from the horizontal support and trading below the Ichimoku cloud. RSI and MACD crossover are showing neutral signs.
A bounce is expected for however long it is holding above the horizontal support, while a sustained breakdown of the marked support level would be the confirmation of a downward move.
BTC is in long consolidation in the marked zones. Currently, it is bouncing from the horizontal support and trading below the Ichimoku cloud. RSI and MACD crossover are showing neutral signs.
A bounce is expected for however long it is holding above the horizontal support, while a sustained breakdown of the marked support level would be the confirmation of a downward move.
#BTC/USDT ANALYSIS
BTC is attempting to break out the main horizontal resistance on the weekly timeframe. The Ichimoku cloud and the MA 100 are also acting resistance on the major horizontal resistance. Currently, the price is holding above the ascending trendline support.
A solid breakout of the horizontal resistance would be a bull run confirmation, while a sustained breakdown of the ascending trendline would be a sign of correction in the market.
BTC is attempting to break out the main horizontal resistance on the weekly timeframe. The Ichimoku cloud and the MA 100 are also acting resistance on the major horizontal resistance. Currently, the price is holding above the ascending trendline support.
A solid breakout of the horizontal resistance would be a bull run confirmation, while a sustained breakdown of the ascending trendline would be a sign of correction in the market.
#BTC/USDT ANALYSIS
BTC is retesting above the falling wedge after being rejected from the horizontal resistance and the Ichimoku cloud. MA 21 is acting as support.
A successful retest and a breakout of the horizontal resistance would be the bullish confirmation, while a failed retest would be a sign of correction in the market.
BTC is retesting above the falling wedge after being rejected from the horizontal resistance and the Ichimoku cloud. MA 21 is acting as support.
A successful retest and a breakout of the horizontal resistance would be the bullish confirmation, while a failed retest would be a sign of correction in the market.
#BTC/USDT ANALYSIS
BTC is still trading above the strong horizontal support in a narrow range. Volume is very low in the market. MACD crossover is losing bearish momentum. Concurrently, the RSI indicator indicates the presence of hidden bullish divergence.
A bounce is expected as long as it sustains its position above the horizontal support. However, it's important to consider the possibility of a sustained breakdown, which could trigger a subsequent downward movement.
BTC is still trading above the strong horizontal support in a narrow range. Volume is very low in the market. MACD crossover is losing bearish momentum. Concurrently, the RSI indicator indicates the presence of hidden bullish divergence.
A bounce is expected as long as it sustains its position above the horizontal support. However, it's important to consider the possibility of a sustained breakdown, which could trigger a subsequent downward movement.