#BTC pumped but is this pump legit?

Welcome to this quick update.
BTC bounced right off the 200D MA in this 4 hour chart for the short term it looks like BTC could retrace to $10745 and pump all the way to $11150.
If you look at the daily chart for the above scenario we need a daily close above 10890 because the 50 D MA is at that level Break and close will confirm the upside momentum.

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Stay safe

#PEACE

评论:

Welcome to this quick update everyone.
It's been a while that I am posting BTC Chart.
In my last update I told you to keep an eye on 21D Weekly MA as we can see a bounce from there and provided with a target around $11600.
We reached this point now.

AS YOU CAN SEE THAT BLACK ARROW IN THE CHART. The price of BTC followed perfectly and here we are breaking above 11.9k. OUR INITIAL ENTRY WAS AROUND 10.3K.

I expect 3 Scenarios Here.
First one is plotted with the blue poly line
Second one with the red.
Third isn't plotted in the chart, we can simple just shoot up from here! Yeah that's possible, it's Bitcoin!

You know that Bitcoin is trading under a giant Channel I'VE BEEN SAYING THIS SINCE MONTHS IN ALL MY BTC CHARTS..
The TOP of the channel is around $13400 to $13765.
If we can close above 12.2k in the next few days/week we can see this TOP within the next 6 to 10 weeks.
BITCOIN DOMINANCE is also looking bullish which eventually supports this chart as well.


CONCLUSION:

BITCOIN is very bullish with few short term pullbacks I am expecting BTC to reach 13.5 to 13.7k soon.
Stop Loss would be $10447 (Not for leverage traders).

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Stay safe

#PEACE