BTCUSDT : IS THE STORM OVER ??
Updated
Hello !!
Welcome to the quick update of BTCUSDT. As of now, we saw that BTC pumped until 30600 all the way from 26700 thereby pumping the altcoins.
In my opinion, we are still very uncertain as this might end up being a trap for everyone. I suggest everyone wait until it breaks 32000 and then we might see some bullish momentum. As of now, 32000 seems to be the first resistance. We also need to wait for the weekly close as I discussed in my last chart as that will decide if we can go further down or stay above 32000.
There might be one scenario of BTC retesting the 32000 and again taking a dump until 29000 or the other scenario might be it crosses the 32000 mark and touch the 33700 level. The various scenarios are shown in the chart.
The market is still very uncertain, and unstable and I would suggest everyone hold their patience and wait for a clearer picture and trade only after confirmations.
As of now, please do not take any trades else you might end up losing your capital.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Please like and share and comment on this idea if you liked it.
Welcome to the quick update of BTCUSDT. As of now, we saw that BTC pumped until 30600 all the way from 26700 thereby pumping the altcoins.
In my opinion, we are still very uncertain as this might end up being a trap for everyone. I suggest everyone wait until it breaks 32000 and then we might see some bullish momentum. As of now, 32000 seems to be the first resistance. We also need to wait for the weekly close as I discussed in my last chart as that will decide if we can go further down or stay above 32000.
There might be one scenario of BTC retesting the 32000 and again taking a dump until 29000 or the other scenario might be it crosses the 32000 mark and touch the 33700 level. The various scenarios are shown in the chart.
The market is still very uncertain, and unstable and I would suggest everyone hold their patience and wait for a clearer picture and trade only after confirmations.
As of now, please do not take any trades else you might end up losing your capital.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Please like and share and comment on this idea if you liked it.
Trade active
As expected, BTC is following the pattern. It is hitting the 32000 resistance as of now. Lets see if it sustains.
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