#Btc #Becomecreator it is no more news that Btc is showing strength indeed take a look at the chart price bullish price action everywhere indeed it a matter of time to hit 66k and if this is broken ATH might just be at the corner.
Btc now trading above 64k we saw an impulse move breaking the triangle since he was sble to gind both the 200EMA and 592k support as a dropping stone
what Else many a trader is watching to see howvthis wil turn , can we hold 638k and above before today runs out ? indeed it is a game of probability. what is the plan break above 66 we hit ATh powerfully reject 66 57 54 might be waiting
for Rsr ..Rsr was able to hold stron diagonal support at 0.006 region which then led to an impulse move towards the diagonal resistance indeed Btc will determine the fate of this altcoin. dont forget as traders we only react to price. $BTC
from my previous post I sounded 61k ish was a strong support which we are still trading at.
we saw btc formed a base on the 1hr TF and we could also see btc broke outvthe 50EMA on the 1hr TF also we could see in the 4Hr TF how that The Tl which runs from 53k low was validated onvthe 60kzone
wHtvis it thenthe bull just need an impulse move which will validate all these I have mention but we have not seen it yet what do we wait for then?
every trader arround the word will be anticipating unemployment rate and NFP data whT is it then? If data is positive a sure impulse move will be see n and a positive data equivalent Bullish flip 63.2 then 668k8
If data is negative imdicate Bearish so an impulse to the down side . flip 59k2 then 57k
we will all anticipate this data report by 2:30 CET.
Btc traded in the region of 64-66 until now it is trading at 61k zone I remember vividly in my previous post how I made u all see to this present scenero happening now.
what led to this ?
we saw the Iran lunch missile into the isreal cohort and indeed the war was priced in which Led to am massive liquidation of over 500million dollars. this affect price fundamentally.
what is it then? as it seems, all these is just shake out to me cus I believe the market is still healthy. For now one has to be meticulous with trades.
the bull has to bounce from this 61k zone cus it is a strong support indeed it is worth betting on for the targetvof 64-67. otherwise we go down to 57k.
Indeed the whole market sentimentbis very very healthy what then should I say BTC is currently sitting at a dynamic support abs as it is the probability of bouncing here is high while a break below could send us to the 61-62 . Remember the monthly candle close by 1am today and every trader eyes is on this before the bullish Q4 however I am not saying u should buy immediately but remembera trader must plan contingency so whatvis the plan I am not going to put thisdynamic support aside as I will seeit as an opportunity to long for the the targetvof 67-69 .
What Next? indeed it is no more funny as the chat of BTC has been so so choppy for the Past 8 days , waited patiently yesterday into today to see how the daily candle closes by 1am.
indeed the 50ema is the dynamic support holding thisguy from falling to make a corresponding Higher low if Btc can break below this 50ema then we will watch the diagonal support that runs from the 592k zone to the unborn Hl which I am watching to be made at the 61319-618k zone
if market permit as I have Been waiting patiently for 8 days now for price to come here for my limit to be triggered so I am just waiting because this is where I can be fully be at rest if I am in this trade for the the target of 67k-69k
indeed itvis a rough ride once again but then the bull has prove so much resilience in defending 4hr diagonal support which is arround 57k zone and they could pump to the 59 zone.
what else 592k zone is a very sensitive zone and if the bull rejects this zone the Bears will seize this opportunity to short BTC to 53k zone which looks like the logical target for a short.
for this reason itvis advisable to be vigilant because if the bull rejects that zone I will also look for a short opportunity. if we flip that zone maybe more pump we will see.
also don't forget tomorrow we are expecting powel to deliver one of the most anticipated speech i deed I talk of rate cut and this will really show us the next phase of the crypto market.
in summary the bull rejects 592k zone the Bears will seize the opportunity to target 53k zone
indeed after Btc broke out of 50Ema on the 4hr timeframe we saw an upward movement to the 605k zone.
what next? remember from my previous post I painted out 2 scenarios and of courseone played outvwhich is the breakout .it is no more new that a trader should have a plan contingency that is what willhappen of this does not happen .
now since the break out we have seen btc trading above 60k but let's not be excited about this move if I speak about securing part of ur profit if u are in the long trade.
now what doI expect I wil lobe to TP at 61200 if market permit but then the Markt is always prone to taking back from us which means we have to be smart in taking profits I am also watching the 61200 and the 54k zone again for the 612k zone I close all my trade for the 54k zone I try to enter long again.
for RSR I am still 70 percent sure that price wil still come down to the 0.0041 region remember I talk about this in one of my post so for this my buy limit will be here waiting for wen the market Mkers will send it there for it to be triggered
don't forget Historically September is Blood Bath for cryptocurrencies and we know history always repeat herself.
do not forget to hit the like button after reading.
What Else in my previous post wectalk about Btc hitting54 which it did Bonk hitting 0.00544 which it did how many time wil I be right again.
what next? for Btc I will sat all these pump are fake because thestrongest resistance now is the 50ema which is around the 563k-566k zone for this a short limit here is advisable to target the wick half filled at 45-48k zone . Remember I talk about the wick in My Last BTC post .
for RSR the 0.004135 should be the buy limit because price getting there soonervor later is quite high. for this we ought to be wary for a profitable Trade
in summary for BTC watch the ema50 resistance at 56kzone for a short while for RSR watch the 0.0041135zobe for a long.
#Bonk #Becomecreator #Rsr indeed the Bonk trade was a profitable one we can see that Bonk almost hitting target of 0.001544 which will happen When BTC hit the 54 target.
Btc has dropvdown to the 55 zone, either sooner or later 54k wil be hit.
what else for Btc 54k support is where all eyes are looking for a long but let's not forget the 49k wick. will it be partially filled or completely filled? that is not for me to decide.
but 54k zone will be a good place to long if market does not look out for the wick of 49k
my analysis for RSR
Rsr is currently respecting a falling Trendline and I am expecting price to come to the0.004138 zone to flip that resistance into support for a long opportunity
it has been a rough ride as Btc as rejected once again after hitting the 65 zone twice. from my last post the long from 59100 wa profitable we arrive at 65 which was the target but thelong from the 6250p- 62700 was not good enough why bcis BTC loose key support and loose dynamic support 50ema which was around 619k-6200k.
whT else we are not oblivious about the54k support and the wick at 49k zone so If market allow visit to fil the wick that willbe a good entry point to target 67-68k.
in addition the solana meme Bonk is currently trying to fill the wick at 0.01554 zone but it iscurrently trading at 0.01820 zone so for this a short from 0.01820 zone is advisable while u tp at 0.01554 zone .
indeed the long from 59100 was profitable BTC currently trading at 64zzone
I am watching the 62500 and 62700 as the zone whr BTC might likely pull back for 68-70 target
it has been a wonderful week after btc broke out from the 61700 resistance and still maintain momentum till date , it is no more news that 68- 70k is the next target
if u check my previous post u will k ow I have been updating and updating
Just some days back while Btc was trading at 61k I made it known that short from 6096k zone was gonna be a profitable one in my last content and we saw a drop to 58k zone still expecting the 55kzone if market permit. and remember the 59100 long from the previous previous post I made.
eventho I am expecting a drop my overall sentiment is still bullish
it has been an incredible week btc has been moving between 58-61k indeed from my last post the long from 59100 is still profitable yea it Is
what else it is very much important to understand what u want to do before placing any order for now Even as I am targeting 65k from that 59100 zone we could see that btc is currently trading above 60k , there is a resistance there at 62k zone for this It is advisable to short btc from it current price of 60963 targeting 54-55k stoploss above 63 don't forget it is paramount to know it is called hedging while the long still open short trade can come in from 60973k targeting 55k.
#Binance Sqare Creator Award #BTC in my previous post I made it known that since we will take the longfrom 51900 with low leverage we around place some order in the 56kzone .
Indeed the long from the 59100 was profitable as it give 2k pump to the 61vOne again before rejection down tobthe mention 56 zone in my previous zone.
what else ?
BTC has to visit that 61 zone then break 62 for the target of 65_70 and this will happen sooner or later hence 56k zone already visited , trade still active , I am bullish on BTC.
#BTC# in my previous post I made itclear and known that I expect a correction towards 56_57 zone indeed it played out to the 57 zone
what else?
I could see from the chart the daily time frame precisely that Btc is about to establish an HL this is going to be a validation for a long towards 65 _70 region it is adviceable to enter the long at 59100 with less leverage nd place some order in the 56 region stop loss some buffer below 539900 tp 65k_70k
#BTC. Btc has rejected for the fifth time from ATH Just after btc went down as low as 49we could see that the 49 resistance was flip into support which led to over 12k pump to 61. ndeed I am not over excited as we have to pay close attention to what thechart is saying . what next I expect btc to give a correction down to 56k_57kzone so as to make a corresponding HL for a push to the 65zone. hence I am expecting 56-57 and I strongly believe at the 6th touch Btc will break out forATH.of 80