Hi Guys, for this week we will chart the BTC/USDT 1D on Binance - We saw a confirmation that BTC didn't break the said target and that would be the $9.5k and he keep continue to dump. Now you think the BTC will go below $8,2k?
As we chart last week it's a confirmation of cup and handle pattern and we're now on handle (based on the chart). We will see if what happen this week if BTC break the support if not this is the confirmation of bullish as we are now on the 4th bitcoin halving with lots of good news. Including in US there's Lifting ban, Btc taxes, Blockchain adoption and BTC for payments.
Verdict: buy at the handle because that would be our support
Sell: don't sell up until bitcoin halving
Hoping next week or next month BTC will enter to our pitch fork tool and break the said resistance.
A friendly reminder: Always do your own research
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. The trader must be able to manage risk.
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Thanks a lot!
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.