On the 1H chart, a bearish triangle is forming on the BTC/USDT chart. Looking at the fact that Bitcoin has failed to breach the $20k wall two times now, it might be time for a healthy short term correction. Support 1 would be my best guess where the price could reverse in . Looking at the hour of YFI, its at a crucial decision point on the verge of a breakout. If this breaks out of this downtrend to the upside, YFI is going to hit $30, and beyond to the moon 🌙 The downtrend is formed from the ATH at $43, down to the most recent swing high at $30, Looking at the charts BTC moved up as predicted. It's hit the upside wall at the K level. Now begins the consolidation phase where btc travels sideways and reloads for another move. If that consolidation phase bounces across and slowly moves down BTC will form a bullish flag for another move forward. That's the formation I'm watching for.
Btc/usdt tradingviewXBTUSDT Charts and Quotes — TradingView
It looks like the YFI price is facing dark times. Now, again there is a threat of a sharp price fall. Things can Hello, friends, I am the captain! The mid-line time frame of YFI may build a head-and-shoulders structure. If broken support will hit SL. I think the chart is quite self-explanatory. It is still too early for YFI to initiate a downtrend because the November's rally is so strong that it will easily continue this December.
However, one thing we need to keep in mind is that Getting closer to the upper trendline and topping out. Downtrend should start from here now. Maybe a wick to 30K, but I believe that's the maximum. On the other hand, losing the cloud's support will result in lower prices.
I would recommend a long position near the green cloud based on support zones and a slight Strong support in an uptrend Channel on both 50 MA and fib 0. Speculative play. Target Boon. I mean moon. Waiting for Short and long targets.
Give thumbs up if you really like the trade idea. Binance coin is tokens used in the binance platform, so although they are traded in the open market and their value fluctuates, they are something like a currency like the US dollar or bitcoin. In any case, the use of binance coins is very wide, so the value of this token is ascending. We know ,Binance is the largest exchange in the world of Good Luck :. Videos only.
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