#BTC: Descending Channel Formation!!
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
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I have tried my best to bring the best possible outcome in this chart, Do not consider it as FINANCIAL ADVICE.
#BTC UPDATE
BTC is forming this descending channel pattern currently IMO we are doing to retest this 35k to 34.7 support level then expect a bounce from there.
We have 35k to 34.7 as a support BTC needs to hold this if it will not able to hold the support then it can drop up to 30k.
This is the last hope from where we can expect a Bounce if it is not able to Bounce then it will drop up to 30k support.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as FINANCIAL ADVICE.
#BTC UPDATE
BTC is forming this descending channel pattern currently IMO we are doing to retest this 35k to 34.7 support level then expect a bounce from there.
We have 35k to 34.7 as a support BTC needs to hold this if it will not able to hold the support then it can drop up to 30k.
This is the last hope from where we can expect a Bounce if it is not able to Bounce then it will drop up to 30k support.
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
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