BITCOIN: A GOOD RALLY.
Updated
Welcome folks to this BTC update.
Timeframe: 4 hours.
Update: Once again, as expected, BTC rallied from the support. Although it showed some fakery in between but ultimately it bounced back from the support level. BTC is already up by 8% and if this continues then BTC can likely rally up to 22.5k.
Trade Setup: If BTC show some retest then 19.5k to 19.9k will be a good re-entry level. Stop Loss can be at 18.7k and the target will be 22k. If BTC doesn't retest at all then let it be, we can get another opportunity.
I will update more on this later until then trade safely.
Do support with your likes and comments.
Thank you.
Timeframe: 4 hours.
Update: Once again, as expected, BTC rallied from the support. Although it showed some fakery in between but ultimately it bounced back from the support level. BTC is already up by 8% and if this continues then BTC can likely rally up to 22.5k.
Trade Setup: If BTC show some retest then 19.5k to 19.9k will be a good re-entry level. Stop Loss can be at 18.7k and the target will be 22k. If BTC doesn't retest at all then let it be, we can get another opportunity.
I will update more on this later until then trade safely.
Do support with your likes and comments.
Thank you.
Note
BTC Update:
BTC didn't retest as expected. From 20.5k it rallied up to 21k which was good. The current price is stable at 20.9k and the chart demands a rally towards 22.5k.
Note: BTC is still under a bearish flag pattern and until and unless it breaks above the 22.5k resistance level things are still bearish.
I will keep you updated until then don't lose your hard-earned money.
Thank you.
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