BTC/USDT - Binance - Charting 1D

Based on the chart, BTC is having difficulties to pump up or move up, Why? because of the lots of news in the government and the private sectors or media. Spreading they lots of corrections for this week or maybe the Government and the private investors are waiting to buy the dip before the 2020 bitcoin halving. 


The Huobi US is already halting the Exchange, The south has a strong Rejections between the 7.6k. The BAKKT is also releasing 2 new coins again and the volume of BTC went lower and lower from almost $170 Billion to $131,796,379,921 and they expected the target this month or January to $120B to $110B.


But we will see what happens next. 4hrs from now.




You can check it here


https://www.tradingview.com/chart/BTCUSDT/m7nHCKkk-short-Lots-of-news-are-very-bad-today-Checking-Chart/


 


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

Athar Saleem
10 Dec

Bitcoin is too stagnant these days;you are right anything might happen upward or downward.....

8

Muhammad Tauseef
10 Dec

It is very complicated anyone can help me to clarify me please

26

Lucas S
10 Dec

Hard call on the direction. But the stagnancy doesntntypicallynlast more than 30 days sideways. Watch for a break

24

Shadda 🇵🇰
10 Dec

Thanks for detailed analysis..

8

Muhammad Tauseef
11 Dec

Grreat charting & video

3

Faizan Chanda
10 Dec

Bitcoin is the best ..

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