๐BTC: In Next 7 days ,We Must Cross 20k or 16400$ is Inevitable
Hello Dear Traders,
(Crypto Market Cap : 559 Billion , BTC Dominance:63.5%)
In Last Post I was discussing about mature falling channel on btc. also mentioned this type of falling channel most of the time breaks upside , as expected btc smashed through falling channel and tested 19k level.
Today BTC weekly candle closed, weekly closing shows strong comeback of bull power but unfortunately it closed red. bulls tried hard to give closing green bt bears immediately took control once btc entered in 1D based supply zone. Today a new week started and we found our opening Price of week 19172$ (Bitmex).
Bulls showed great reversal , but it's now very crucial to cross 20k before closing the current weekly candle. if btc stays below or near 19k area then, bears will hit hard on BTC
and we will see btc at 16400$ currently BTC is trading in bears territory. According to cryptoquant, again miners are depositing heavy amounts of btc in exchanges.
On 15 Dec 2020, Mt Gox will announce, who lost money in its implosion in 2014 are set to know when they will receive BTC. This event will also create a panic again.
On CME there is a fresh GAP, Roughly $1,000 in size, the difference between the end of Friday and the start of Monday trading for CME Bitcoin futures markets gives a lower price target of $18,100. as we have seen many times these โgapsโ traditionally get filled soon after they appear. This week is going to be very exciting.
I m Still Bullish on BTC, Many alts have shown great recovery in the last 2 days, we have active alts trades going please checkout below.
More Alt Coins trade setups are coming, Stay Tuned with us.
Thanks for your support! If you liked this analysis, please support our profile with a ๐ and follow us to get a new daily analysis.
This trading idea has been presented to you by ROHITWORKSS
(Crypto Market Cap : 559 Billion , BTC Dominance:63.5%)
In Last Post I was discussing about mature falling channel on btc. also mentioned this type of falling channel most of the time breaks upside , as expected btc smashed through falling channel and tested 19k level.
Today BTC weekly candle closed, weekly closing shows strong comeback of bull power but unfortunately it closed red. bulls tried hard to give closing green bt bears immediately took control once btc entered in 1D based supply zone. Today a new week started and we found our opening Price of week 19172$ (Bitmex).
Bulls showed great reversal , but it's now very crucial to cross 20k before closing the current weekly candle. if btc stays below or near 19k area then, bears will hit hard on BTC
and we will see btc at 16400$ currently BTC is trading in bears territory. According to cryptoquant, again miners are depositing heavy amounts of btc in exchanges.
On 15 Dec 2020, Mt Gox will announce, who lost money in its implosion in 2014 are set to know when they will receive BTC. This event will also create a panic again.
On CME there is a fresh GAP, Roughly $1,000 in size, the difference between the end of Friday and the start of Monday trading for CME Bitcoin futures markets gives a lower price target of $18,100. as we have seen many times these โgapsโ traditionally get filled soon after they appear. This week is going to be very exciting.
I m Still Bullish on BTC, Many alts have shown great recovery in the last 2 days, we have active alts trades going please checkout below.
More Alt Coins trade setups are coming, Stay Tuned with us.
Thanks for your support! If you liked this analysis, please support our profile with a ๐ and follow us to get a new daily analysis.
This trading idea has been presented to you by ROHITWORKSS
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