BTC/USDT 12 HOUR ANALYSIS
Updated
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#BTC/USDT ANALYSIS
It is currently above this support, MACD crossover is showing bearish momentum. RSI just entered the oversold region. We can expect a bounce from the current support. If we see a sustained breakdown then this would be a bearish sign.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
#BTC/USDT ANALYSIS
It is currently above this support, MACD crossover is showing bearish momentum. RSI just entered the oversold region. We can expect a bounce from the current support. If we see a sustained breakdown then this would be a bearish sign.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Note
BTC broke the 38.8 k support let's see how the 4-hour candle closes.Note
In a shorter time frame, BTC is making this falling wedge pattern. In case of a breakout, we expect a 10% bounce.
we can see some bullish indication on RSI
Let's see how the market reacts a few hours.
Note
BTC breaks out this falling wedge pattern now we just need to break 50ma which is around 38.8k level let's see BTC can break the ma or not.
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