🔷 #BTC_UPDATE 🔷

So Folks, this time I am using a Weekly frame for the Wider View of this Asset !

We can simply see that we are located in the Beautiful Bullish triangle & at the edge of breaking out (10500$) ! Well #BTC failed on the First attempt, & now Most likely we may see a Retesting of 7500$ before further Continuation !

Here the real show will begin ! & if #BTC Breaks out this Triangle, We will see it Going to touch ATH (20000$) ! (Also There's a Halving, which may act as a Supplement for this scenario to work out ! )

But...Wait, If Manipulators Breaksdown the triangle we will be going for 5000$ & then even 3000$ is Possible !

Well, I do know that Longer Frame Analysis is not worth that much where few People Controls the Market, but The point is "Chart Never Lies" !!!

​​#BTC_Update

We had a very nice sweep of the lows and buyback.
I do think the local low is probably in, but want to see us reclaim the POB (point of breakdown) in RED for confirmation.
We my range between GREEN and RED for a bit before resolving in either direction.

​​#BTC_Update

Nice move while I was napping!
We are back in price discovery. A retest of the POB in RED should not hold for continuation to the upside.
Losing it would be bad for bulls. If we are ready to continue moving up aggressively, I would expect the RED level to be defended heavily now.
Lose it and I suspect we continue to range.
Hold it and up we go- along with the rest of the market.

​​#BTC_Update

i have marked my key levels on the chart, there is a fib extension with historical value at 58300 that might create some kind of blow off top or distribution, I believe 60k area is a very likely area for BTC top consolidate and correct as a major psychological level above 50k. Not going for any shorts, only looking for a break of structure to short.

Around 55900 CME gap will close, this is also a Daily support level so I would be eager to catch longs in this area. 55230 is what we don't need to break otherwise a bigger correction is coming.

Plan would be to buy dips towards 55900

​​#BTC_Update

Nothing actionable for me at all. Rejection from previous breakout point (red) and attempting to put in a HL here. Not a good enough long signal for me to take a trade though. Expecting a choppy weekend

​​#BTC (Update)

In 4h timeframe Chart, Bitcoin Bulls Still Defending the Horizontal Support Area (44k - 45.5k)

Bitcoin Making LOWER LOWS & RSI Printing HIGHER LOWS, In Simple, RSI Indicator Printing Bullish Divergence.

If Bulls Clear the Descending Trendline Resistance (45.8k-46k), Expecting Bullish Move towards the 52k.

In Worst Case, If Bitcoin lost the Horizontal Support Area then Bitcoin Might test the 38k Support Area.

​​#BTC_Update

Current 4h session is showing sign of local weakness over the upper long-range BPRO band. Price standard deviation based level at 51.5k shows technical significance as resistance. Now that it is tapped, until is reclaimed with a daily close above, BTCUSD remains in local danger of throwback towards the baseline / breaker low at 45.4-45.7k. Such a retest would make a lot of technical sense and could be expected in case daily closes below 49k. Until that happens, bands are showing direction flip and are upsloping. This indicates that BTCUSD volatility is a bit more upside-oriented and it aligns with my Monday’s thesis of 54-56k retest coming in the following days.

Local resistances: 55418-56574, 61372, 70991.
Local supports: 49000, 45440, 42300.

​​#BTC_Update
Bullish case.

Clear pivot level that we're currently finding resistance at. Small dip then reclaim and I'd be targeting the supply zone at 55k.

Break back below the pivot after tapping the supply zone and we're back to trading sideways / looking at the monthly open

Hold the pivot as support after tapping the supply zone and we could push above to all time high.

Best taking level to level trades at the moment on btc. As mentioned I'm focusing more on alts here.

​​#BTC (update)

In 1h timeframe Chart, Bitcoin is Moving in Parallel Channel (S/R Range)

57k Acting As Strong Support & 60k Acting As Strong Resistance, Below Support Bitcoin Will be Bearish & Above Resistance, We Could see New ATH 🚀🚀

If Bitcoin Remains Inside the Channel, this Will be Very Bullish for Altcoins 😍

​​#BTC (Update)

Bitcoin Bulls Continuously trying to Reclaim the 58k Area (Green Line), Daily Candle close above would be ace 🏄🏼‍♂️

If Daily Candle Closed Above the 58k Resistance, Next Stop would be 67k (Higher High).

In Worst Case, If Bulls Failed to Clear the Resistance, Bitcoin Might Retest the 50k Support Area 📉

​​#BTC (Update)

In daily timeframe Chart, Bitcoin is Moving Above MA128 (49812)..!!

In 2016-17 Bullrun, Daily MA128 has Played An Important Role & Now, Again It's Acting As Key Support Since MAY 2020.

In 2016-17 BullRun, Bitcoin Tested it 5-6 times & Went up from it, 📈

If Bitcoin Remains Above MA128, It'll be Good for Bitcoin & Alts as Well..If Bulls Lost the It then Bitcoin Bullrun will End Soon like 2017. 📉

​​#BTC (Update)

In 1D Chart, Bitcoin Bulls Already lost the MA50 & MA100 Support Levels But From last 3 Days, Still Bulls Defending the MA128 (49.8k) & Channel Support (49k)

In Worst Case, If Channel Broken Down & Bulls lost the MA128 Support too, Next Stop would be 30k Horizontal Support Area 📉

In Bullish Case, If Bitcoin remains Inside the Channel & Above the MA128, Expecting Higher High (68k) 📈

Fingers Crossed 🤞