AlwinGoutham

BTCUSDT

Long
AlwinGoutham Mis à jour   
BITTREX:BTCUSDT   Bitcoin / Tether
I believe the correction is not yet over.I'm expecting a reversal at $9000 and a pullback to $7500 or $6500 before the uptrend.breaking the trend line and closing above $9000 in day chart confirms the uptrend and there wont be any pullback in this case.
Transaction en cours:
Reversed at $9000 as expected
Moving to the target
Commentaire:
Red line ($8000) is a strong support..
Expecting a reversal at
$8000
$7500
or
$6500.
Reversal from these levels and crossing of the black trend line gives us uptrend confirmation
Transaction en cours:
Moving to $12000
Transaction en cours
Commentaire:
Pushed down by the resistance.
It will find support at $10000-$10500
Commentaire:
BTC has a weak support at $9400.It might reverse from that level.But I believe it will reach the support at $8900
Commentaire:
As expected $9400served as a support.We had a short bounce there.Now it s going to be retested.I believe it will not hold.so prepare for the next move to $8900-$9000
Commentaire:
Double bottom at $9300..need to break the channel(green trend line) for reversal
Transaction en cours:
Crossed and tested
Commentaire:
There are many TA stating we are still in the corrective wave.To me correction was over long before when it crossed $8500(circled zone).
What we are seeing now is the retracement of the previous short rally.I strongly believe there will not be any pullback to $6000 and below any time soon.
Commentaire:
This reversal was expected one but it was stopped at the junction of two strong resistances.Now it has to be held above the red line for further upward movement.
Transaction en cours:
It is now at the trend line.Hopefully it will go up
Commentaire:
Moving to previous high $11650
Transaction en cours:
Possible pullback to these support levels if fails to close above the red line
Commentaire:
Updated idea
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.