BTC BROKEOUT OR ANOTHER TRAP?
Updated
Hello everyone, welcome to this quick BTC update. If you didn't follow me yet then hit the follow button now.
What a great start of October but don't do FOMO buying yet. Focus on supports and resistances.
Now let's get to the chart first. BTC currently trading at around $44,800 and there is a major resistance at here. For further bullish movement BTC must have to break this resistance zone. If BTC breaks this resistance zone and hold above 45k then our next targets are 48k, 50k and 53k. But if we see any rejection from here then we might retest again $42,500 and even 40k.
So now just wait for the confirmation of BTC. IMO we may see a one more retest to 40k and then BTC going parabolically. Q4 surely a life changing opportunity for all of us. So be ready for it.
Do you also think we break ATH in Q4?
If you like this idea then hit the like button and also share your views in the comments section.
This isn't financial advice. DYOR before investing.
Thank you.
What a great start of October but don't do FOMO buying yet. Focus on supports and resistances.
Now let's get to the chart first. BTC currently trading at around $44,800 and there is a major resistance at here. For further bullish movement BTC must have to break this resistance zone. If BTC breaks this resistance zone and hold above 45k then our next targets are 48k, 50k and 53k. But if we see any rejection from here then we might retest again $42,500 and even 40k.
So now just wait for the confirmation of BTC. IMO we may see a one more retest to 40k and then BTC going parabolically. Q4 surely a life changing opportunity for all of us. So be ready for it.
Do you also think we break ATH in Q4?
If you like this idea then hit the like button and also share your views in the comments section.
This isn't financial advice. DYOR before investing.
Thank you.
Trade closed: target reached
S1 followed perfectly.
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