BTC/USDT: Possible trends
Updated
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BTC UPDATE:
In short a time, BTC is making this SYMMETRICAL triangle pattern but it's not confirmed because we have 2 scenarios.
First scenario: In the first scenario, it is looking like it's all ready broken the triangle and currently retesting it.
The second scenario: It looks like it will retest the lower support level then it will bounce from there.
if it breaks the lower important support then the chart will become invalid.
let's see how the market reacts in a few hours.
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:
In short a time, BTC is making this SYMMETRICAL triangle pattern but it's not confirmed because we have 2 scenarios.
First scenario: In the first scenario, it is looking like it's all ready broken the triangle and currently retesting it.
The second scenario: It looks like it will retest the lower support level then it will bounce from there.
if it breaks the lower important support then the chart will become invalid.
let's see how the market reacts in a few hours.
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
Note
BTC quick update:-Here we have two scenarios
First scenario: If a 4-hour candle closes above this lower support level of this symmetrical triangle then we can expect a bounce from here.
The Second scenario: In the second scenario we can see that it is making a bearish Flag pattern but currently, it is on the support of the Lower Level of a symmetrical triangle also if it breaks this level with confirmation then we can accept a drop up to 49,400k level.
Let's see how the 4-hour candle closes
Stay tuned
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