Bitcoin Update 6

We'll keep our eyes on the chart and update accordingly

Central Bank of India making it clear that #Bitcoin and exchanges are not banned

Cardano (ADA) is one of the best performing altcoins in this correction.

It's currently above the previous range ($1.0-1.5).

As long as we are above, we're in an accumulation for setting a new all-time high.

The daily close above $1.8 (weekly close would be perfect), and we have everything ready for new all/time high

XRP/USD is currently testing broken support area and psychologically important price point of $1.

So far this is still in the bearish pattern but with multiple closes above $1, we may see an actual bullish move from this pair.

Bitcoin Fear/Greed Index

Bitcoin new all-time high is not happening in next 3 months and here's why 👇

The correction we are currently in is the first bigger one.

The drop was to 61.8% fib level which represents serious correction.

The next point would be correction back to the previous all-time high.

After we go through correction like this, it's impossible not to have some time for accumulation and redistribution.

On the chart is the most bullish scenario where that accumulation is not that long but even in that case, new ath is hard to happen before September.

Stay patient, the bull is most likely not over but we won't recover overnight.

Bitcoin is forming interesting formation that will spark new trend in the market.

Where do you think Bitcoin is heading to?
anonymous poll

🆙 – 381
👍👍👍👍👍👍👍 67%

⬇️ – 189
👍👍👍 33%

👥 570 people voted so far.

Bitcoin range is getting tighter.

The next big move is very close!

ADA is currently going through a mix of consolidation and accumulation for the next move.

By default, this shape of the accumulation is bullish but I like to wait for the move to happen and then wait for the test to enter.

With all the projects that are coming around this coin, we can't be bearish.

This could be the sign we were waiting for.

Waiting for this daily to close if it doesn't close above yesterday's daily opening, we got a bearish setup on Bitcoin that targets the previous low of $29 500.

XRP/USD is following our forecast and now with this close below the chart pattern, we have everything ready for selloff continuation.

Bitcoin is still bearish and targets $30k

1k drop just like that

The entire process of this drop was posted here on this channel.

All the way from consolidation level to forming this pattern to initial break of the pattern and lastly this drop we are currently in.

XRP/USD is going in the expected direction and one more amazing forecast in our Free channel 😘

Sell off continues towards our targets at $31200 and $29500.

Bitcoin reached the first target in this correction.

Our forecast is still looking amazing, everything has been reached as we said so far.

Bitcoin reached the first target but didn't go for a second one.

At this moment, I'm not bearish nor bullish on Bitcoin.

I do expect to see an attempt towards $40k but that's not the beginning of the next part of the bull cycle but just a continuation of consolidation in this area between $30k and $40k.