BTCUSDT

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