#BTC broke the 952 Days Resistance. TOP or the Beginning?

We have been waiting for this day since very long!!
Welcome to this quick BTC Update.
In my previous update on July 13 I called for 10k within the next 2-3 weeks and here we are!
While I am writing this update BTC is breaking above 10k . A lot of Traders are confused whether they should move their funds to USDT/FIAT or Just Hold BTC.
Let me be straight.

1.BTC Just broke 952 days long Resistance
2.Trading above 50D MA (It has always been a bullish signals before the beginning of any uptrend)
Volume is good but we need more volume in BTC.
3.The weekly Close will be important to watch.
4.BTC is really very BUllISH.

What's needed for BTC to start a new parabolic uptrend?

1.WEEKLY CLOSE ABOVE THE $10500.
2.MORE VOLUME
3.EVEN IF BTC BREAKS AND CLOSES ABOVE 10500 WE NEED TO BREAK THAT HIGH IN THE NEXT CANDLE.
4.ITS REALLY VERY IMPORTANT FOR THE UPTREND TO BEGIN.

What if it's a fakeout?
We need to keep an eye on the Weekly close above 10500 that's all.
BTC Fulfilling all our conditions will result in the beginning of a parabolic Uptrend.
Though it's early to speculate but if it breaks Targets would be around:

$12204
$13874
$16174

Lower Support Levels:

$9746
$9433
$9067(Very Strong support)
$8665(Break below this support would be a signal for 6k) (Don't worry this is a Highly unlikely Scenario)
I will look at other time frames below this chart too.


It’s Sunday and I left my family alone and rushed to my office to complete this update for you all!
If you feel this update deserves a LIKE please hit that LIKE Button and share your views in the comment section.




Stay safe

#PEACE

تعليق:

Daily Chart: Bullish AF.
BTC haven't tested the channel after the breakout so daily chart shows clearly that we can test the 9377 to 9588 are.
IMO You can hedge some fund here for safety and expenses.
I PERSONALLY HEDGED 5% of my portfolio to stable coins like USDT. (Not a financial Advice)

تعليق:

THE CME GAP !

Did anyone noticed that giant gap in this CME Futures Chart?
9665 to 9925.
It's highly likely that we will see a retracement soon to this area. I reckon that must be from the current price point.

تعليق:

Welcome to this quick update everyone
Bitcoin is Bullish and it has never been this bullish .,
WHY?
In my recent updates I’VE ALWAYS TOLD YOU TO REMAIN Bullish .
Since 3.7k I have been posting regular Charts aiming for $10500 after Halving.
It happened! With strong Volume .
Told you all to exit from most of your altcoins on July 20, before BTC Dominance hits 62 level.
So basically all our calls have been spot on.
Let’s look at this chart!

Bitcoin is currently holding the $10800 level and testing the $11000 zone multiple times.
Stilll BTC is bullish and the reason is:
1.Broke above the 952 days old Global Resistance Trendline .
2.After Halving Consolidation since the last 80 days which shows accumulation through multiple levels.
4. Mainstream Media has started talking about Bitcoin .
3. All we need is a Retest
The levels that we need to retest can also be considered as your RE’ENTRY ZONES:

$10418
$10010
$9732

I have categorised this update under Long setups though Its highly likely it can visit $9700 to 10100 soon.
There’s a CME Gap around $9665 which also confirms a potential retest to the 10k range.As soon as we retest these levels we will be ready for the upper Targets:

Upper Resistance Levels:

$11472
$12204
$13874
$16174

MY STRATEGY: I am 40% in USDT now which I’ll buy back BTC around the 10k level. Holding BTC will be the best strategy when it has broken a 3 year old resistance and trading some altcoin setups to increase your stack. Though we will also be ready for any outcome in the near future.

If you think this update deserves your likes please do and share your views win the comment section.

Thank you

Stay safe

#PEACE