💎 BTC : One More Round of 16500 is Needed To Cross 🎯20k 🔥🔥🔥
Hello Dear Traders,
(Crypto Market Cap : 563 Billion , BTC Dominance:62.6%)
After Closing of Weekly and Monthly candle ..BTC is facing major Resistance at 19800 level,
As u can clearly see in chart BTC made Double top Chart Pattern on Daily time frame, Now BTC is Holding well in this major supply zone.
From Last 5 Days BTC is ranging at supply zone ... I seen this type Price action behavior many times in historic charts.
Whenever BTC has rallied or dropped , for at least a week or more its goes completely sideways in this scenarios btc has rallied very well
and unable to cross 20k, btc need more steam to smash out the supply zone of 20k and tht steam can only get when it will reach near 16500 level.
as on daily basis we are seeing Very bullish fundamental news regarding Cryptocurrency regulations and adoption of BTC from various Institutions.
2 days Ago One of the Largest BTC Holder Grayscale has bought 8000BTC. This type of crazy buying is creating huge demand for BTC. Major drops to 10-13k is unlikely at this situation. In next idea i will discuss about BTC 4Hr chart ...BTC is trading at demand zone on the basis of 4hr chart , also i tell short term possibilities according to smaller time frame.
But overall Daily time frame is clearly indicating price must Come to 16500 Strong demand Area to rise further.
Please share your opinion and leave a comment and / or give it a like.
This trading idea has been presented to you by ROHITWORKSS
(Crypto Market Cap : 563 Billion , BTC Dominance:62.6%)
After Closing of Weekly and Monthly candle ..BTC is facing major Resistance at 19800 level,
As u can clearly see in chart BTC made Double top Chart Pattern on Daily time frame, Now BTC is Holding well in this major supply zone.
From Last 5 Days BTC is ranging at supply zone ... I seen this type Price action behavior many times in historic charts.
Whenever BTC has rallied or dropped , for at least a week or more its goes completely sideways in this scenarios btc has rallied very well
and unable to cross 20k, btc need more steam to smash out the supply zone of 20k and tht steam can only get when it will reach near 16500 level.
as on daily basis we are seeing Very bullish fundamental news regarding Cryptocurrency regulations and adoption of BTC from various Institutions.
2 days Ago One of the Largest BTC Holder Grayscale has bought 8000BTC. This type of crazy buying is creating huge demand for BTC. Major drops to 10-13k is unlikely at this situation. In next idea i will discuss about BTC 4Hr chart ...BTC is trading at demand zone on the basis of 4hr chart , also i tell short term possibilities according to smaller time frame.
But overall Daily time frame is clearly indicating price must Come to 16500 Strong demand Area to rise further.
Please share your opinion and leave a comment and / or give it a like.
This trading idea has been presented to you by ROHITWORKSS
