BTC/USDT 4 HOUR ANALYSIS
Updated
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I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
Currently, BTC is still facing these two levels of resistance if we broke those two levels of resistance then we can expect A Bounce up to 45k level.
it may retest the 38.6k level. if it breaks and closes downside this support level then my chart will be invalidate.
EMA'S are acting as a resistance. MACD crossover is showing bullish momentum. It might bounce from here or we've to wait for a sustained breakdown to confirm its s bearish move.
Let's see how the market reacts a few hours.
This chart is likely to help you in making better trade decisions, if it did do 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 an
Currently, BTC is still facing these two levels of resistance if we broke those two levels of resistance then we can expect A Bounce up to 45k level.
it may retest the 38.6k level. if it breaks and closes downside this support level then my chart will be invalidate.
EMA'S are acting as a resistance. MACD crossover is showing bullish momentum. It might bounce from here or we've to wait for a sustained breakdown to confirm its s bearish move.
Let's see how the market reacts a few hours.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Note
#BTC UPDATE: It broke down ascending triangle and currently trading below it. EMA'S are acting as a resistance. MACD crossover is showing bearish momentum. RSI is in the oversold region. We can expect further downtrend in the market, if it retested successfully.
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