Cryptorphic

#BITCOIN is not done yet. There's still fuel left!!!

Largo
Cryptorphic Actualizado   
BITSTAMP:BTCUSD   Bitcoin
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).

If you like this chart please hit the like button to support my work and share your views in the comment section.


Stay safe

#PEACE
Comentarios:
Brooke above the Red line Resistance and growing!!
Looks like scenario 3 is playing out!! No retracement at all which is actually not good for a sustainable growth but yeah who knows. This is BTC and it does what it wants!
Let's ride this wave together!!!

Operación activa:
BITCOIN Quick update : BTC crossed our Blue line first Target around $13,186 and reached $13,235 following our scenario 3. You can see that in the yellow box shown in the chart.
I will post a weekly chart soon.
To stay bullish and keep pushing upwards we need the weekly to close and stay above 12k.
12k is the most important level right now. Any weekly close below this level would be bad for BTC. Since after the 10k area this is the most important level since 2017. We have never closed above this level. To continue its bullish rally towards 16k we need a weekly close and confirmation above this level. I hope now you know what to do.


Stay tuned
Operación cerrada manualmente:
Perfectly reached our target. Accurate even with the expected Date.
Thanks for following.

Free Telegram Daily Futures signals:- telegram.me/thecryptorphic

Join My ELITE CLUB:- bit.ly/Join_elite
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.