All seems set for BTC to complete the Butterfly pattern after massive breakout from 6500$-6700$ resistance zone.
Now these zone has become strong support and a good buy back zone.
We made the call of the re-test of 7500-7900 zone which has been achieved. the call link is shared below:
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE RED: Possible Support LEVEL GREEN: SELL TARGETS
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トレード稼働中
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We had first test of the support based trendline, which formed part of previous resistance around 6675$
トレード稼働中
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The formation still in progress, price now trading above immediate level for accumulation in the zone of 6495-6530$. This return the price back into the bullish channel, with an immediate target at 7000$+
TA is not the only answer. You should know that Tether was dumper to 0.85$ in a shady way on bitfinex, so people sold all their Tether for BTC. That's why BTC had a rally today. Is it sufficient for a bigger move ? We'll know soon, but verybody should know why it pumped in the first place : not for good news.
Rikk009
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@Sessay, Well then share the full FYI, it started with FUD on twitter that Binance is delisting USDT which was denied officially. Before that Kucoin had posted an announcement that it is stopping deposit and withdrawal of USDT for 'maintenance' but FUDers forged a Binance official statement and posted it later. Everything was orchestrated FUD.
wargolynch
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@Rikk009, Orchestred by some people who were long with a lot of money and high leverages on bitcoin, it's genius.
I'm not FUDing or anything, just saying this pump is not a good reason to assume higher probabilities of bullrun in the coming days/months. TA looks better now but this move was superficial, not based on strong fondamentals but fear.
Rikk009
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@Sessay, It can trigger the the trend line to upside. But it's better to keep a close eye on the market movement.
hakipower
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@Sessay, lol.. all pumps, dumps, bull runs were made out of no where/irrational. So in cryptosphere you will need more than TA
@hakipower, This is exactly what I'm saying, omg
"TA is not the only answer"
wargolynch
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@hakipower, The last bullrun was not made of nowhere, demand was real
Try to understand what I'm saying, be intelligent
weslad
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@Sessay, hmmmm, I see when those same FUD drop the market do we see anybody care??? All we say is dump!!!, I think its now the turn of the Bull guys, better follow the flow and say the pump!!!!!
CopyPasteProfit
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Hi shorting every bounce, turning out to be very profitable.