BTC 4H TF Analysis
Updated
BTC / USDT
Btc brokedown the rising wedge we talk about in last analysis and show slight bounce from moving average
Its still early to identify if it was fake breakdown or real one ..but time will tell soon
📌WHAT NEXT ?
I wait price action from here to 48k-49k
1– If there is bearish restest and strong rejection this could mean we go to support levels
First one 44k-45k
second one 42k-40k
2– If price show stability above 49k this will mean the current breakdown is fakeout and we go to 51k-53k
I hope this update will help you to understand situation and deal with it ..
Best wishes 🙏
Btc brokedown the rising wedge we talk about in last analysis and show slight bounce from moving average
Its still early to identify if it was fake breakdown or real one ..but time will tell soon
📌WHAT NEXT ?
I wait price action from here to 48k-49k
1– If there is bearish restest and strong rejection this could mean we go to support levels
First one 44k-45k
second one 42k-40k
2– If price show stability above 49k this will mean the current breakdown is fakeout and we go to 51k-53k
I hope this update will help you to understand situation and deal with it ..
Best wishes 🙏
Note
BTC is Testing 49k as expected 🔔
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
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.