๐ BTC : Weekly Candle Analysis | 7th December 2020
Hello Dear Traders,
(Crypto Market Cap : 568 Billion , BTC Dominance:62.5%)
As u can see in a chart (White Arrow Marked ) Today weekly candle closed of btc and its again bullish bt it was not able to break and sustain previous candles high.
near 19500-19800 there is heavy selling pressure as we discussed in recent posts whales are depositing heavy amount of btc in exchanges ..they are silently selling there bag of btc . in recent post we discussed about probability of btc correcting towards 16000$. the more btc rejects at 19000 levels ,greater the chances of touching again 16000 zone.
Also in last Post of Symmetrical triangle
today BTC gave breakout from this triangle bt the volume was so dry hence it was not sustaining well at higher levels.
Today after weekly candle close on defi coins , we seen great upside breakout from ranging structure on coins like BAND ,ZIL, KSM ,SUSHI. also total marketcap of alts significantly increased. i m expecting in current week we can see nice rally on alts specially on DEFI coins , In next post we are going to post
20-30% profit potentials coins.
Overall BTC is stuck in a range, If BTC declines then 18100-18300 is great buying zone for BTC , if we see clear opportunity for LONG/BUY BTC we will immediately post it.
Please share your opinion and leave a comment and / or give it a like.
This trading idea has been presented to you by ROHITWORKSS
(Crypto Market Cap : 568 Billion , BTC Dominance:62.5%)
As u can see in a chart (White Arrow Marked ) Today weekly candle closed of btc and its again bullish bt it was not able to break and sustain previous candles high.
near 19500-19800 there is heavy selling pressure as we discussed in recent posts whales are depositing heavy amount of btc in exchanges ..they are silently selling there bag of btc . in recent post we discussed about probability of btc correcting towards 16000$. the more btc rejects at 19000 levels ,greater the chances of touching again 16000 zone.
Also in last Post of Symmetrical triangle
today BTC gave breakout from this triangle bt the volume was so dry hence it was not sustaining well at higher levels.
Today after weekly candle close on defi coins , we seen great upside breakout from ranging structure on coins like BAND ,ZIL, KSM ,SUSHI. also total marketcap of alts significantly increased. i m expecting in current week we can see nice rally on alts specially on DEFI coins , In next post we are going to post
20-30% profit potentials coins.
Overall BTC is stuck in a range, If BTC declines then 18100-18300 is great buying zone for BTC , if we see clear opportunity for LONG/BUY BTC we will immediately post it.
Please share your opinion and leave a comment and / or give it a like.
This trading idea has been presented to you by ROHITWORKSS
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