BTC/USDT 4HOUR UPDATE
Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- BTC again attempted to break the horizontal resistance of the rectangular channel but could not close the candle above it and ended up as Faked Out.
It now holds itself above its horizontal support. Further consolidation can be expected inside the rectangular channel.
Now it is again trading below the horizontal resistance. Further consolidation inside the rectangular channel can be expected until a solid breakout or breakdown occurs.
A successful breakout of the rectangular channel will confirm a bullish move in the market. In contrast, a solid breakdown will confirm a descending push toward the horizontal support at $21,350 from where we can expect the market to bounce higher.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
I have tried to bring the best possible result in this chart.
Chart Analysis:- BTC again attempted to break the horizontal resistance of the rectangular channel but could not close the candle above it and ended up as Faked Out.
It now holds itself above its horizontal support. Further consolidation can be expected inside the rectangular channel.
Now it is again trading below the horizontal resistance. Further consolidation inside the rectangular channel can be expected until a solid breakout or breakdown occurs.
A successful breakout of the rectangular channel will confirm a bullish move in the market. In contrast, a solid breakdown will confirm a descending push toward the horizontal support at $21,350 from where we can expect the market to bounce higher.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
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