#BTCUSDT Analysis is ready for a move.

11 thg 12, 2021BTC did hit the $51800 level after my previous post.
For now, it is stuck between 47k and 52K range.
Support is 47k and the resistance is around 52K to 54K
I've said this before we need to break the upper resistance level for BTC to do well again.
It starts with a successful close above the 21D MA in 4 hour chart..
With this close BTC will successfully close above the purple channel and could easily pump towards the 52K level if that happens. I have two scenarios in my mind which I have drawn in this chart. Let's see how the price follows..

IMPORTANT NOTE:- SEE THE FACT IS NO ONE KNOWS IF THE BULL MARKET IS OVER OR IT'S JUST A CORRECTION BUT IF. YOU LOOK AT THE CHART I DON'T SEE ANY BLOW OFF TOP YET.
So, honestly, IMO this is an accumulation before a new rally..
I repeat, it’s just my opinion, not financial advice.

I am staying vigilant and waiting for the right time to enter the trades.
No hurry, No FOMO.

Enjoy your holidays

What do you think?
Do hit the like button and share your views in the comment section.


Thank you

#PEACE

19 thg 12, 2021

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Not much changes yet. Same PA. Stucked between 46K adn 48k..
Let's see how the weekly closes.

19 thg 12, 2021

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Once this Rising channel in USDT Dominance breaks to the downside we will see fireworks in the market.

29 thg 12, 2021

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Unless BTC breaks the 53k resistance level. I'll just sit tight and wait for the right time.