WHERE IS BTCUSDT HEADED : 33000, 35000 or 37000 ??
Hello !!
Welcome to the quick update of BTCUSDT. From a long time, it was trading between 37200 and 39300. We saw a pump from 37200 until 40000. BTC suddenly took a dump until 37000 again breaking the bear flag downwards. Unfortunately, BTC was unable to hold the 37000 level and it broke the initial support.
As of now, BTC is tarding at around 35800 and I think more dump is incoming. As we can see in the charts, the respective resistance and support levels. In One scenario, BTC can come to 35000 and then pump until the next resistance R1, followed by R2 and R3. Whereas in the second scenario, it may come until 33000 and then pump until 35000 followed by 37200 and 39300.
As of now, we are very uncertain and the market is very unstable. I suggest everyone to hold your patience and wait for a clearer picture and trade only after confirmations. Till then be safe and wait for the right moment.
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. From a long time, it was trading between 37200 and 39300. We saw a pump from 37200 until 40000. BTC suddenly took a dump until 37000 again breaking the bear flag downwards. Unfortunately, BTC was unable to hold the 37000 level and it broke the initial support.
As of now, BTC is tarding at around 35800 and I think more dump is incoming. As we can see in the charts, the respective resistance and support levels. In One scenario, BTC can come to 35000 and then pump until the next resistance R1, followed by R2 and R3. Whereas in the second scenario, it may come until 33000 and then pump until 35000 followed by 37200 and 39300.
As of now, we are very uncertain and the market is very unstable. I suggest everyone to hold your patience and wait for a clearer picture and trade only after confirmations. Till then be safe and wait for the right moment.
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.
Related publications
Disclaimer
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.