Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
#BTC/USDT UPDATE !
As I mentioned in my previous chart that BTC will bounce from the retest level of the triangle pattern at a level of $19300 and it performed well.
As BTC bounced 7.5% from $19300 and got rejected from the resistance level of $20500.
In the current scenario, BTC is trading above a green support zone at the price level of 20k.
Here BTC needs to hold this level and break above this resistance level to rally towards the price level of $21700.
If BTC is able to break above the resistance level then we will see more green candles in ALT coins.
Candle close below the support zone will lead BTC again to drop at the price level of $19300.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
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.