BTC/USDT (1D) - Are we on the Handle Chart? Or going to break 8000 support?

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


Stoploss: 8k


https://www.tradingview.com/chart/BTCUSDT/iLZZcKWW-BTC-Want-to-break-the-support-8-2k/ 




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.


#Trend Analysis




#Chart Patterns




#Wave Analysis


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Thanks a lot!

COMMENT

19

Naveed 784
23 Jan

yes of course. 

17

Bitcoin Bee Reporter
23 Jan

what do you mean? are we going to break and hit the 8k support or hit the resistance again?

22

Sincere Helper
23 Jan

Yes due to halving we accumulate at this level as much as we can rest these small hip hop will continue in between. So no worry charts and predictions showing bull in short term too.

11

henry barzin
23 Jan

Thank you for the analysis, I can imagine the BTC re-testing its resistance in the next few days.

21

preview not available etson arrantes
23 Jan

Come on 10k! PLease..

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