In this article we are going to discuss the latest price action moves of BTC and DOT. Please remember that this is not a financial advice, do your own research, trade wisely. Before proceeding into the main topic of this article, please check our previous article where warned all the viewers about the possibility of breaking all time highs of BTC in the next few days.
Technical Analysis: Bitcoin 09/12/2020 ATH Soon
BITCOIN
Today is one of the most important days in the history of Bitcoin, since December of 2017, BTC wasn't able to go back to previous prices, struggling below 10000$, suffering a massive impact of the global market situation on March 2020. Today we have seen new ATH of approximately 20800$.
The following chart represents the latest BTCUSDT chart on 4hr timeframe. In this chart we will mention certain levels to keep an eye on. Possible targets and support lines to hold.
Current Price: 20661$
Support levels: 1. Based on previous resistance levels 19848$
2. Based on previous resistance levels 19491$
3. Trend line 19217$
4. 200 EMA 18133$
Resistance Levels: There is No more resistance levels to mention. But based on EWT we may see 21700$ price.
POLKADOT
DOT did not break ATH following BTC, in the next few days, eyes must be on BTC dominance chart before the rally of altcoins. The following chart represent the 4hr timeframe chart of DOTUSDT.
Current Price: 5.251$
Support Levels: 1. 20 EMA 5.077$
2. 200 EMA 4.925$
3. Current trend line 4.723$
These levels are considered short-term support levels, important to hold, before the next breakout.
Resistance levels: 1. Previous resistance 5.568$
2. Based on the trend line since ATH 5.74$
Being able to breakout above 5.74$ will cancel the current form of price action, will possibly lead us to new ATH of DOT. Current trend is an uptrend.
This was a brief summary of the market, current price of BTC and DOT. Please don't forget to give us a like, comment, follow and a tip. We tried to warn you previously of the new ATH of BTC. All informations are based on pure technical analysis.
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Thanks for your attention,
Crypto Army
