Chart analysis for BTC/USDT.

Hello friends, how are you all ? hope you all are doing well. Today I will share my prediction for Bitcoin. The Bitcoin Halving is near, is it going to make a new all-time high? Let's discuss it.

BTC got +25% on last week. That was truly like a dream. Everyone was waiting for that pump. We all Steemians was praying for Steem to reach 0.28+ for the SBD payout.

Now steem is trending above 29 cents. Which is very good news for Steemians. Our Steem ecosystem gonna be more stronger.

BTC is doing great. Steem should be In uptrend for a while. Maybe we will see some upside momentum in the market. BTC has support on the 63k to 68k zone. If it breaks it gonna make a record.

But I think it will not reverse from the resistance. Because Halving is near. Only 49 days left for halving. So, I don't think for now at least It will make any kind of dump.

Let's try to do a short prediction for BTC. I will use 1hour chart to predict the market. Also, I will use some indicators to identify the trend. Let's begin.

On 1-hour time frame, I can draw a trend line one is going to the upside and one is to the downside. So, if the downtrend breaks then it should go up, or if it breaks the uptrend line it will go down.

Now, I will use some indicators to identify the trend. First of all, I will use 100MA. 100MA is a good indicator, almost every trade uses this to know the market structure.

Th 100MA is also below the market. So, highly it has a chance to get support on the 100MA. Even sometimes I just use 100MA to take a trade. This MA is better than all other indicators for me.

We even can use 50MA. This is helpful too. Now let's use RSI.RSI is my 2nd choice indicator. I always do trade by analyzing on RSI. It gives me more confidence.

On RSI, We see it is going down but the actual market is not going down. This is a good sign also. It even can get support on 60band.

Now, we have to just wait and watch the market. I hope It will make a new high.

I think BTC will support MA. And if it gets pumped it will make at least 64k. Otherwise, it has a support on 57k.

Now let's talk about my steem/usdt prediction. It was around one or 2 weeks back. I predict that the steem will go at least 28. And now it has made. Hope it will go back again into 32 cents.

Hope you will take this post as a learning purpose. I'm not a financial advisor. I just post how I trade, how I watch the market. Hope you enjoyed it. Thank you.