BTC: STILL NOT OUT OF DANGER!!
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Welcome to this BTC update. BTC is bouncing from the 19k support pretty well as we told you in our previous update.
BTC is still trading inside a bear flag and currently trading near the middle line of the channel.
Scenario1:- If BTC got rejected from here then we again see it at 19k level.
Scenario2:- If BTC breaks this middle line of the channel (Breaks above 21k) then we see a rally to the upper trendline of the channel and we might see a rejection from there.
In short until and unless BTC did not break the
23K level we don't expect a rally. If BTC breaks down this bear flag then be ready for a new low.
Let's see how this goes in the next few hours.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC update. BTC is bouncing from the 19k support pretty well as we told you in our previous update.
BTC is still trading inside a bear flag and currently trading near the middle line of the channel.
Scenario1:- If BTC got rejected from here then we again see it at 19k level.
Scenario2:- If BTC breaks this middle line of the channel (Breaks above 21k) then we see a rally to the upper trendline of the channel and we might see a rejection from there.
In short until and unless BTC did not break the
23K level we don't expect a rally. If BTC breaks down this bear flag then be ready for a new low. Let's see how this goes in the next few hours.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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