#BTCUSDT bounced from this MA on Sept 29, Will that repeat?

3 thg 12, 2021

Welcome to this quick update, everyone.
BTC is hovering above the 100D Moving average which is around 54400 at the time of writing.
Keeping in mind it holds this level by the daily close, it's highly likely we will see some good rallies soon.
ALTCOINS in BTC pairs are doing well lately because of the decline in BTC dominance.
Let's wait for the daily close and see what the market has for us.

BTC is following the second scenario as per my last analysis.
The next support level is around $52,200.

This chart gets invalidated if BTC breaks below the 48K level which is unlikely as of now.
To keep it short, I am bullish sooner or later a god candle is coming!!

Thank you

#PEACE

3 thg 12, 2021

Giao dịch đang hoạt động

This is the CME chart for BTC. I see many people asking about this so yes the gap has been filled!
Just to kick the high leverage traders out of the market the whales could manipulate the price a bit more down but eventually, a bounce is imminent also the price is holding the long-term trendline support.

Stay tuned and follow me to stay updated with this chart.

3 thg 12, 2021

Ghi chú

This is the support trendline I am talking about. It is really important for the bulls to hold this Red trendline. Losing this trendline could postpone the rally for a long time.
So draw this in your charts and keep an eye on it.

4 thg 12, 2021

Giao dịch đang hoạt động

BTC broke the red line support. Well, I didn't expect this although warned many times about the 51k scenario this was unexpected.
BTC touched the 40k market with an immediate bounce.
In daily 46k remains to be the 200D Daily MA. Manipulation and FUD.
Be careful..