BTC Update:
Timeframe- 3 hours.
Hello, traders, I hope you all are doing well. In our recent trades, we made some good profits and in some trades, our SL got hit. The current scenario on BTC is a 'No trade zone' for me and it will be a wise decision to wait for the weekly close.
In this hourly TF, BTC is under a symmetrical triangle and it is reclining toward the support. If it manages to hold this $41.3k support level then an attempt to break the $42.5k resistance is likely possible.
Trade safely.
Regards,
Team Dexter.
Timeframe- 3 hours.
Hello, traders, I hope you all are doing well. In our recent trades, we made some good profits and in some trades, our SL got hit. The current scenario on BTC is a 'No trade zone' for me and it will be a wise decision to wait for the weekly close.
In this hourly TF, BTC is under a symmetrical triangle and it is reclining toward the support. If it manages to hold this $41.3k support level then an attempt to break the $42.5k resistance is likely possible.
Trade safely.
Regards,
Team Dexter.
Note
BTC so far. Current scenario- Breakout and retest.
Note
BTC Update:
BTC managed to hold good support at
42K and then it bounced back. Currently, it is facing the same resistance trendline and it will be interesting to see if BTC can manage to break it. Stay tuned for more updates.
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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.