NOW, WE WILL SEE DECISIVE MOVEMENT. IF 4HR CANDLE FORMS ABOVE THE TREBD LINE, THEN BTC WILL CHANGE ITS PREVIOUS TREND AND WILL ENTER IN BULL RUN AGAIN. BUT IF CANDLE CLOSES BELOW THIS LINE, THEN BTC IS FOLLOWING ITS BEARISH ROUTE.
BTC HAS BROKEN ITS HORIZENTAL RESISTANCE, AND NOW, ITS VERY CLOSE TO ITS TREND LINE RESISTANCE, WHICH IS DIFFICULT TO BREAK, BECAUSE OF ITS DOWNTREND. ABC-WORLD
CURRENTLY BTC IS TRADING AT 61800$ AND TRYING TO BREAK ITS IMMEDIATE RESISTANCE LEVEL. *62300* IS NEXT STRONG TREND LINE RESISTANCE. AS I ALSO DISCUSSED IN MY PREVIOUS ANALYSIS THAT, OVERALL TREND IS BEARISH. THIS IS ONLY SWING UP OF THAG DOWNTREND. SO IT IS DIFFICULT FOR BTC TO BREAK ITS TREND LINE RESISTANCE. REJECTION OF THIS WILL ENSURE US TO OPEN OUR SHORT POSITIONS. BTC COULD ALSO BE DIRECTED IN IT. #BTC #ABC-WORLD BY ARSHMAN BILAL
STOP LOSS IS MANDATORY IN YOUR ALL TRADES. BE AWARE OF BULL RUN ENTRAPE. OVERALL, TRENDS, TOOLS AND INDICATORS ARE AGAINST BULLISH SCENARIO. FEW NEWS STABLIZED BTC ABOVE 58K. SOON IT WILL UNMASK ITS REAL TREND.
(ABC-WORLD ANALYSIS) IN MY PREVIOUS ANALYSIS, (CHECK TAGGED PICTURE) I CLEARLY DIRECTED THAT, FIRST TRADING LEVEL OF BTC WOULD BE 61K AND NEXT WILL BE 63K. BUT IF IT CAN NOT HOLD ITS POSITION ABOVE THIS LEVEL AND CAN NOT MAKE 4HR CANDLE ABOVE THAT LEVEL, THEN IT WILL BE DIRECTED TOWARDS 57K LEVEL WITHOUT ANY FURTHER SUPPORT. SO FOR NOW, IT IS A WEAK SUPPORT LEVEL, AS PER MY OBSERVATION, BTC WILL NOT BE ABLE TO HOLD THIS WEAK SUPPORT AND WILL DROP TOWARDS 53K. WHICH IS NEXT TRADING SUPPORT ZONE SAME LIKE 62K AREA. SO POSSIBLE BULLRUN IS STILL NOT CLEAR FROM THAT AREA. HOWEVER, DUE TO US JUSTICE DEPARTMENT AND OTHER C-Z RELATED SUDDEN NEWS CAN BOUNCE BTC BACK TOWARDS 60K LEVEL. SO YOU CAN OPEN YOUR SHORTS POSITIONS WITH FEW ALTS, WHICH HAVE MORE IMPACT OF BTC DUMP. THIS ANALYSIS HAS BEEN GENERATED BY ARSHMAN BILAL (ABC-WORLD). NOTE: IT IS JUST A PIECE OF ADVISE. USE IT IN YOUR FINANCIAL DECISIONS WITH YOUR OWN RESPONSIBILITY.
I CLEARLY DIRECTED THAT, FIRST TRADING LEVEL OF BTC WOULD BE 61K AND NEXT WILL BE 63K. BUT IF IT CAN NOT HOLD ITS POSITION ABOVE THIS LEVEL AND CAN NOT MAKE 4HR CANDLE ABOVE THAT LEVEL, THEN IT WILL BE DIRECTED TOWARDS 57K LEVEL WITHOUT ANY FURTHER SUPPORT.
SO FOR NOW, IT IS A WEAK SUPPORT LEVEL, AS PER MY OBSERVATION, BTC WILL NOT BE ABLE TO HOLD THIS WEAK SUPPORT AND WILL DROP TOWARDS 53K. WHICH IS NEXT TRADING SUPPORT ZONE SAME LIKE 62K AREA. SO POSSIBLE BULLRUN IS STILL NOT CLEAR FROM THAT AREA. HOWEVER, DUE TO US JUSTICE DEPARTMENT AND OTHER C-Z RELATED SUDDEN NEWS CAN BOUNCE BTC BACK TOWARDS 60K LEVEL. SO YOU CAN OPEN YOUR SHORTS POSITIONS WITH FEW ALTS, WHICH HAVE MORE IMPACT OF BTC DUMP. THIS ANALYSIS HAS BEEN GENERATED BY ARSHMAN BILAL (ABC-WORLD).
NOTE: IT IS JUST A PIECE OF ADVISE. USE IT IN YOUR FINANCIAL DECISIONS WITH YOUR OWN RESPONSIBILITY.
Pay attention to details Please; In my previous Analysis I mentioned the maximum low that BTC can go, 59,100 we acheived our Target by the grace of God.. Today is first day of the month & chairman of Federal Reserves of USA "Jerome Powell" will present the speech. Crypto Industry will be directly affected by the speech either it,s Harsh or soft. Moving to the Next levels 61,500 is the place where BTC could be there, if it can spend more than 4 hours above this level.. Then we will achieve 62,500.Now the most Important Part is here.. The Maximum Level where we can go is 63,800 For a whole week.. If You see Market has spent at least 4hrs at the same level then we shall be at 67,200 soon. If market is is not able to resist at the highest level 63,800 Then it will crash directly from 63,800 to 57000.* FOR more analysis , Wt.sap. Redards: ABC_WORLD
CURRENTLY BTC IS NEAR ITS TWO BASIC SUPPORT ZONES. I-HORIZONTAL SUPPORT ZONE(61750$) II-TREND SUPPORT ZONE(61200$).
HOPE O BTC WILL BOUNCE FROM 1ST LEVEL. IF CROSSES THEN NEXT PRICE WILL BE 61200$.
PREVIOUS BULLRUN WAS ALSO DUE TO FAKE BREAK OUT. SO MAJOR TREND IS STILL BEARISH. HOWEVER IT will make a swing up (of 63k again) after these both mentioned levels. OtherWISE BTC can touch next support of 59200. ANALYSIS BY ABC-WORLD.
I wil start to end daily one Learning post. Today's TOPIC is FAKE break out. WHEN market breakout its resistance and then enter again in Support -Resistance zone, It is called as FAKE BREAK OUT. YOU can also check example in PICTURE :
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