#BTCUSD could Hit $85k by Dec 2021!

19 нояб. 2021 г.

Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.

Let's get to this BTC Chart.
The reason I am using this 3 Day chart is to get rid of the noise that we see in the lower time frame charts.
BTC follows this MA in 3Day perfectly.
It needs to close above $59300 in the next candle close.
If it does and maintains the level, It's highly likely we will see BTC trading above 80k by the end of this year.

BUT PEOPLE ARE CALLING FOR 52K and EVEN 43K BTC CORRECTIONS?

Of course, they are. The market was already in a lot of Greed and needed a cool off..
If we see lower levels which I think is likely I will add a lot of amount in BTC.
Whale holdings as per ON CHAIN are increasing on every DIP.
(I share this Onchain info on tg regularly)

So even if we see a dump to the downside which is less likely because everyone is waiting for that level! Even if it does, this will merely be a strategy to collect longs by the whales and noobs will start selling their bags in FEAR.
Don't let this happen.

CONCLUSION:- BTC is bullish and every DIp is an opportunity.
My analysis will be invalidated if we see a candle close below 52K level which seems highly unlikely at the moment. If there's any change in this analysis I will keep this updated.

What's your thought on this?

Do you think this correction is over?
Do you think BTC could easily pump from here?

Do hit the like button if you like this update and share your views in the comment section.

Thank you


#PEACE


19 нояб. 2021 г.

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This is how I got this level 85k.

19 нояб. 2021 г.

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BTC is still trading above all the important EMAs.
This makes BTC bullish in this macro structure.

19 нояб. 2021 г.

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This is the 4 Hours Chart.
BTC looks a bit weak here. Although it's breaking out.
So there are two scenarios to play out.

Close above 58.3k and we will see a rally towards the 63k level.
Close below 58.3k in daily means a rally towards 53k (IMO, less likely but possible)

21 нояб. 2021 г.

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BITCOIN: All good in the short term.
Do you see that black box right in the chart? That's called f*kry.
Bounced right off the support and currently trading above the 200D MA in ltf. Which represents the longer-term average price by the close.
BTC above 58.3k is good for the bulls.
Failing to hold this level would trigger a rally towards 53.5k to 55k level best buying opportunity (Less likely but I don't know tbh).
My thought? : I am expecting the price to break the 60k level soonish.