BTCUSDT

I believe the correction is not yet over.I'm expecting a reversal at $9000 and a pullback to $7500 or $6500 before the uptrend.breaking the trend line and closing above $9000 in day chart confirms the uptrend and there wont be any pullback in this case.

İşlem aktif:

Reversed at $9000 as expected
Moving to the target

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Red line ($8000) is a strong support..
Expecting a reversal at
$8000
$7500
or
$6500.
Reversal from these levels and crossing of the black trend line gives us uptrend confirmation

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Moving to $12000

İşlem aktif

Yorum:

Pushed down by the resistance.
It will find support at $10000-$10500

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BTC has a weak support at $9400.It might reverse from that level.But I believe it will reach the support at $8900

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As expected $9400served as a support.We had a short bounce there.Now it s going to be retested.I believe it will not hold.so prepare for the next move to $8900-$9000

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Double bottom at $9300..need to break the channel(green trend line) for reversal

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Crossed and tested

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There are many TA stating we are still in the corrective wave.To me correction was over long before when it crossed $8500(circled zone).
What we are seeing now is the retracement of the previous short rally.I strongly believe there will not be any pullback to $6000 and below any time soon.

Yorum:

This reversal was expected one but it was stopped at the junction of two strong resistances.Now it has to be held above the red line for further upward movement.

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It is now at the trend line.Hopefully it will go up

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Moving to previous high $11650

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Possible pullback to these support levels if fails to close above the red line

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Updated idea