#BTCUSD at Resistance. Is $49k possible??
Welcome to this quick update, everyone.
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Let's get to the chart,
BTC broke above the 42k resistance and reached the second resistance at 44.2k level where it got rejected so far.
Looking at the current situation BTC is highly likely to hit the 49k level on or before the 16th of August 2021 (date may vary).
The volume is gradually increasing which is good for bulls.
Important note:- I do expect some retracements next week and probably a bloody Monday too.
So better take profits on your leveraged positions.
Important demand area is 39k to 42k, Resistance remains at 44k and 49k level.
A weekly close above 42.5k is something that we need here. I am waiting for that to enter leveraged trades. I am happy holding BTC and some large-cap alts. Specially ETH that I recommended to buy around $1900.
INVALIDATION: Close below 39k in Daily.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart,
BTC broke above the 42k resistance and reached the second resistance at 44.2k level where it got rejected so far.
Looking at the current situation BTC is highly likely to hit the 49k level on or before the 16th of August 2021 (date may vary).
The volume is gradually increasing which is good for bulls.
Important note:- I do expect some retracements next week and probably a bloody Monday too.
So better take profits on your leveraged positions.
Important demand area is 39k to 42k, Resistance remains at 44k and 49k level.
A weekly close above 42.5k is something that we need here. I am waiting for that to enter leveraged trades. I am happy holding BTC and some large-cap alts. Specially ETH that I recommended to buy around $1900.
INVALIDATION: Close below 39k in Daily.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
액티브 트레이드:
BITCOIN QUICK UPDATE: Bitcoin is trading above 45k. DAILY CLOSE ABOVE THIS LEVEL IS ALL THAT WE NEED right now.
Started with a bloody Monday and finally, BTC is pumping like crazy now.
Need to be careful in the short term. The chart says 49k is imminent within this week.
BITCOIN QUICK UPDATE: Bitcoin is trading above 45k. DAILY CLOSE ABOVE THIS LEVEL IS ALL THAT WE NEED right now.
Started with a bloody Monday and finally, BTC is pumping like crazy now.
Need to be careful in the short term. The chart says 49k is imminent within this week.
액티브 트레이드:
I need you all to be informed about BTC.
It decides the fate of your alts!
BTC must close above 21WMA after the weekly close to maintain the bullish momentum.
Else many people are likely to get trapped with high leveraged long positions.
In every post, I've recommended buying in the dips and not to FOMO.
Please take this advice seriously.
Thank you
It decides the fate of your alts!
BTC must close above 21WMA after the weekly close to maintain the bullish momentum.
Else many people are likely to get trapped with high leveraged long positions.
In every post, I've recommended buying in the dips and not to FOMO.
Please take this advice seriously.
Thank you
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