BTC/USDT : Is there any correction ?

3 Sep 2021

BTCUSDT
Hello everyone 😃

Hope you all have great trades !
Now it's the time to think about the major resistance above.
📚 Notes :
- Next try will be the 3rd to breakout; So it should be happened or #BTC will drop badly after failure try to break ?
- Main resistance is located at ~$51483.00, So you need to pay attention for your bids; Don't set your bids before any hold above $52000.00 !
- Last week's high ( $50500.00 ) has become a resistance now; So watch for your LONG scalps, You can use the opportunity to set asks below it.
- Volatility had bearish crossover recently and it can cause a drop to $44572.54 - $44572.54 support zone.
- On our last analysis we mentioned $44000.00 zone as a main retest zone; Now there will be more sell pressure, If BTC shows weakness at the mentioned level ( 44K's zone ).
- The lower support zones are standing at :
1️⃣ $42206.36 - $41461.83
2️⃣ $38473.61 - $37237.60
- Main direction will be bullish If BTC don't close below 38K's zone !

📍 #BTC has reached the resistance for the 2nd time and next attempt will be the 3rd; Based on 3rd and 5th rule breakout, I won't expect a continuation for bulls after 3rd failure attempt to break !
But there is still a chance for them to break above :

🔰 There's a scenario based on 12H's chart; #BTC can gain strength on local support at 47K's level, If #BTC manage to break; Then we'll set our bids on a retest of $51483.00 broken level.
- Those who wants to scalp on breakout, Have to set their last targets on $53400.00 level.

📌 What's the plan ?
I'll stick to my recent plan; I'll set my asks at 51K and below last week's low.
There will be 2 scenarios to watch for :
- Set your bids after a breakout above 51K's level !
- Set your bids at major supports mentioned on chart !

🔴 I'll rethink on $26800 retest, If BTC take hold below 38K's zone..

Hope you enjoyed our analysis about BTC's possible directions🙌
You can support us with your likes.
Also you can share your opinion with us in comments 😉🙋🏼‍♂️

Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
Helical_Trades