Bitcoin / TetherUSShort
BTC QUICK UPDATE!
Updated
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. In my previous BTC post I told you that BTC can reject from the
39K resistance level and also posted USDT Dominance chart and told you that it looks bullish so be careful with your alts. Hope you guys listened and save your hard earned money.
BTC is once again rejecting from the39K resistance level and dumping. Currently, BTC is trading around $37,200 and it is trading inside a symmetrical triangle. If this 4hr candle breaks below the triangle then we can expect more dump. If it breaks below then our next short term supports are $36,300 and $35,500
If we get a bounce from here then we can again test the39K resistance level. But IMO BTC is still looking weak and there is no sign of bounce and volume. Keep a close eye on next 4hr candle close.
Supports:- $37200/$36,300/$35,500
Resistance:-39K-40.5k
If you like this idea then do support it with like and follow.
Also share your views in the comment section.
Welcome to this BTC/USDT update. In my previous BTC post I told you that BTC can reject from the
39K resistance level and also posted USDT Dominance chart and told you that it looks bullish so be careful with your alts. Hope you guys listened and save your hard earned money. BTC is once again rejecting from the
39K resistance level and dumping. Currently, BTC is trading around $37,200 and it is trading inside a symmetrical triangle. If this 4hr candle breaks below the triangle then we can expect more dump. If it breaks below then our next short term supports are $36,300 and $35,500If we get a bounce from here then we can again test the
39K resistance level. But IMO BTC is still looking weak and there is no sign of bounce and volume. Keep a close eye on next 4hr candle close. Supports:- $37200/$36,300/$35,500
Resistance:-
39K-40.5kIf you like this idea then do support it with like and follow.
Also share your views in the comment section.
Note
BTC bounces nicely from the lower trendline of the triangle. Looks like we again test the 439k-40k resistance zone. All we need to hold above $37,200
Note
BTC breaks below the triangle as I mentioned in my post that BTC is looking week so exactly that's happened. Still I'm waiting for the daily close for any further conclusion.
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