Hello Traders!

This is the complete analysis of btcusdt ,

After reacting at 34500 True reversal point market remained extremely bullish and we saw a growth of +30% in BTCUSDT .

Before hitting 34500 True reversal point we detected an expanding triangle pattern after the breakout of trendline 1 and that pattern did its job perfectly. But recently I saw that Market is not following any technicals so I want to aware you to take decisions wisely as it will react more on fundamental than technicals.

I am not an expert in fundamentals but I know how to play with technicals so here is my analysis of BTCUSDT .

Now BTC is forming a triangle pattern below the broken trendline 1 and this triangle pattern will break towards the downside but the true reaction will be towards the upside. The market will rise after a breakdown because it’s a natural behavior of a pattern.

There is very tight space left towards the upside and according to my analysis, we will see a dive after a reaction zone. The reaction zone is not different from support and resistance but i call it a reaction zone because first, the reaction zone formed because there was a true reversal point(A strategy created by me that shows pinpoint accurate reversal point, recently i have posted SOL analysis and you can see how it performed). Now Market will not reverse with pinpoint accuracy but it will form a reaction pattern at the reaction zone.

This reaction pattern will push the market downside towards the broken trendline 2. The impact at broken trendline 2 will be very important for the next move, Normally I don’t confuse traders by putting lines towards the upside as well as a downside. It’s a way to confuse trade. But in this case, we will wait for the impact to react. If the market is pushed below the trendline then it’s a good sign for buyers as we will see a bullish move but if the market hit the trendline perfectly and formed a wick and moves towards upside then it’s not a good sign for buyers because it will drop hard and we will see the market at 36500 and that’s what I am expecting from BTC .

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