Hello traders, here's a quick update on BTC in the hourly chart.
BTC has done exceptionally well and followed the big move that I was talking about. It is already 6.5% up from our previous post. There is a slight resistance at $20.3k and I guess, BTC must show some retest for a healthy move. BTC may rally higher than the resistance level but I would prefer a retest to be honest.
What is your thought on this recent rally? Do share in the comments.
Note: This analysis is in a shorter timeframe. Please do not compare it with the long-term chart.
Thank you for your support.
BTC has done exceptionally well and followed the big move that I was talking about. It is already 6.5% up from our previous post. There is a slight resistance at $20.3k and I guess, BTC must show some retest for a healthy move. BTC may rally higher than the resistance level but I would prefer a retest to be honest.
What is your thought on this recent rally? Do share in the comments.
Note: This analysis is in a shorter timeframe. Please do not compare it with the long-term chart.
Thank you for your support.
Note
BTC update:
The rejection was true and the slight resistance turns out to be a strong one. Well, you were already aware of this scenario through the update that was posted 13 hours ago.
Trade safely and do not lose your hard earn portfolios.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.