USDT has enourmous value which means that the prices arent sustainable, because of upcoming Halving scheduled for May th. I personally think that this #btc price range won't be sustainable even if wales and sharks are flashing market trading on high levels between themselves and creating prices which enables them to reset altcoins even if not making money on. Welcome to 24crypto.de Bittrex. BTCUSD There was a lot of bad news yesterday, things started to fall. The main part was sold, a good fall is expected, many opened short. It is not yet profitable for big players to see BTC go down. In the long term, the trend is upward, the correction has not yet been normal. The price can go up in the region of $ 29, to believe in growth.
Tradingview btc usdt bittrexBTC/USDT (Bittrex) – 4hr for BITTREX:BTCUSDT by billaddison — TradingView
Right now, my bet bar any unforeseen FA events would be on a pullback to slingshotting us back to 5k by the end of the month. Comment: First support zone reached at bottom of Ichimoku cloud. Take some profits. Lets see if we make second support zone. Trade closed: target reached: Reached first support for re-entry.
Didn't make it to second support. If BTC goes below the current pennant, lookout.. In this down channel we can hove an soft dump if it don't break the down line of this channel and in other side if it break the top line of channel it can pump. Btc price will go down after this month.
As I sayed on last idea BTC stay in a channel for a while and now its breakthe top line of the channel on and pumped and as I sayed on last idea its give us a good short on its channel now we have an strong on If it break can do a bulliesh If it cant break again make an channel as I showed on chart.
Looking at the charts BTC moved up as predicted. It's hit the upside wall at the 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. In these sideways Wave C accelerating as expected.
BTC is in a pennant pattern. A break above it's current mark blue arrow on the chart and BTC could challenge it's all time high again Area indicated in a yellow circle on the chart. It all depends on which side of the pennant BTC decides to exit. Similar setup as to when BTC past the 20K mark 2 posts back If BTC is able to break above and out of it's current pennant pattern it should have a large enough push to challenge the all time high of If BTC can't hold above the level if will fall to previous support of Hi friends, this is the first analysis I have published here.
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