btcusd weekly
Hi Guys,
We're charting this graph for this week's BTC/USDT, on this graph, we use trendline, pitchfork, and MacD below.
On this graph, Bitcoin has a good start in 2020 as we reach and pump almost 2k from $6673.70 then pump up to $8462 and closed for support level of $8,000 and we're in the stable price, but Bitcoin must reach and break the resistance level of $8.4 but this is not possible as we have a good news and for upcoming Chinese new year (Saturday, 25 January) and Bitcoin Halving for (MAY - bitcoinblockhalf.com/).
FYI check the MacD just a little bit more to reach the trendline and confirm bullish (With expecting a short pullback)
Verdict:
We open risk, Good buy at 8k to 7.8k (If break the good price for long term holders would be on the Rectangle graph 6.4k and 7.4k)
Stop loss at 7.4k
Target Price: $10344
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
We're charting this graph for this week's BTC/USDT, on this graph, we use trendline, pitchfork, and MacD below.
On this graph, Bitcoin has a good start in 2020 as we reach and pump almost 2k from $6673.70 then pump up to $8462 and closed for support level of $8,000 and we're in the stable price, but Bitcoin must reach and break the resistance level of $8.4 but this is not possible as we have a good news and for upcoming Chinese new year (Saturday, 25 January) and Bitcoin Halving for (MAY - bitcoinblockhalf.com/).
FYI check the MacD just a little bit more to reach the trendline and confirm bullish (With expecting a short pullback)
Verdict:
We open risk, Good buy at 8k to 7.8k (If break the good price for long term holders would be on the Rectangle graph 6.4k and 7.4k)
Stop loss at 7.4k
Target Price: $10344
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
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