BTCUSDT/ RSI14 - Waiting for the Close. 4hrs Chart

As you can see on the graph, we put bullish fork pitch and bearish fork pitch. We're waiting for the cross as you can see we put arrow on the ellipse tools. A few hrs for now we will see what will happen on the bitcoin price.




If the bitcoin few hrs ago reach the above 7.4k must be reached the above 7.7k to have a stable price. This fight is between $7.7k and $7k with a resistance of $7.3 to $7.4. This price is a decision price and we will see few hrs from now to determine the flow of the BTC. Even if there's a good news or not. There's a biassed news between the online and offline scenario this week and nextweek. 




Based on Coinmarketcap the BTC volume has added 2b marketcap from $132B to $134B.




Let me know your thoughts if what will happen if the price will fall or rise. The decision is yours by commenting below.




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

24

preview not available Shadda 🇵🇰
06 Dec

It seems that we can see bullish trend for some time. 

0 REPLY

22

preview not available Osato Jegede
06 Dec

Interesting analysis, keep it coming as we together light up this community for the holiday season. 

0 REPLY

9

Ahmad Chomaesi
06 Dec

I'm with you brother, i hope BTC can close above 7400

I waiting for this moment

0 REPLY

19

Saqib Ajmal
06 Dec

well said brother.. I am agree with you .and also with you 

0 REPLY

28

preview not available Luke Brenland
06 Dec

Thanks for the chart buddy :)

0 REPLY

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