BTC/USDT 6HOUR UPDATE
Updated
Hello, welcome to this BTC /USDT 4hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
4-Hour Chart
Since mid-June, the price has been lodged in a constant range between the
25K level and 18K. During this period, 20.5K turned into a significant resistance which has repeatedly rejected the price.
However, there is clear inefficiency between the 20.9K and the 22K levels. The market would typically use these inefficiencies to form its next big move. Hence, the most likely scenario for Bitcoin in the upcoming days seems to be using this imbalance and then developing another bearish move toward the 18K level.
If the support fails to hold, the 16K level will be a possible scenario on the table for the cryptocurrency.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
thank you.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
4-Hour Chart
Since mid-June, the price has been lodged in a constant range between the
25K level and 18K. During this period, 20.5K turned into a significant resistance which has repeatedly rejected the price.However, there is clear inefficiency between the 20.9K and the 22K levels. The market would typically use these inefficiencies to form its next big move. Hence, the most likely scenario for Bitcoin in the upcoming days seems to be using this imbalance and then developing another bearish move toward the 18K level.
If the support fails to hold, the 16K level will be a possible scenario on the table for the cryptocurrency.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
thank you.
Trade active
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.