BTC/USDT 12Hr UPDATE BY CRYPTO SANDERS
Hello, welcome to this BTC /USDT 12Hr chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-BTC broke out a long descending triangle, did deviation, and heavily got rejected from the 21.5K resistance, breakdown the liquidity zone, and clearing all the stops below it.
Currently, it is trading below the liquidity zone and this could be our last down leg before a major expansion move as RSI is in an oversold region with a strong bullish divergence.
Bulls need to break the horizontal resistance of 19K which was previously acting as strong support for the confirmation of the bullish momentum back in the market.
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 to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-BTC broke out a long descending triangle, did deviation, and heavily got rejected from the 21.5K resistance, breakdown the liquidity zone, and clearing all the stops below it.
Currently, it is trading below the liquidity zone and this could be our last down leg before a major expansion move as RSI is in an oversold region with a strong bullish divergence.
Bulls need to break the horizontal resistance of 19K which was previously acting as strong support for the confirmation of the bullish momentum back in the market.
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
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