#BTCUSDT analysis on 1 hour time-frame
Updated
Currently btc is in process of making head and shoulder. If it will happen then we can see 42k$ support soon.
For bullish movement btc has to close above 49.7k$ in 1 hour time-frame. Then for further upward movement btc has to do daily close above 53k$ for good weekly close.
Close below 46k$ can bring bearish movement in btc that can test 42k$ support and 39k$ may be also.
Stoploss for short position can be 49.7$ in 1 hour time-frame and 53k$ in daily time-frame.
This is not any kind of Financial advise do your own research always. Don't forget to like and follow for support.
For bullish movement btc has to close above 49.7k$ in 1 hour time-frame. Then for further upward movement btc has to do daily close above 53k$ for good weekly close.
Close below 46k$ can bring bearish movement in btc that can test 42k$ support and 39k$ may be also.
Stoploss for short position can be 49.7$ in 1 hour time-frame and 53k$ in daily time-frame.
This is not any kind of Financial advise do your own research always. Don't forget to like and follow for support.
Trade closed: stop reached
Stoploss reached for 1 hour time-frame
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