BTC-USDT *Little analysis based on major trend-lines/FIBS*Hello there!
I am uncertain of BTCs exact movement, but I am more-so have a bull-ish standpoint!🐮😃
💲On another chart I have published, we have seen a bull-ish break-UP into a more stable zone on Gann-Fan indicator.
💲We have seen support gained at ~50,533.. which makes me believe BTC is going to try to hit back to around the 63-64k area, where it would be wise to then analyze it's behavior again.
💲If this turns bearish 🐻 I am looking for BTC to touch ~42,990 where we will be watching to see if it breaks below that current support zone👀.
💲BTC is very volatile and everything that is going on with the global pandemic, amongst other things, could make for a very dangerous market.
💲BTC is due for a PI cycle correction (meaning we would expect downward movement,) however, the market does what the market wants!!!
I really hope you found this idea any bit useful, and I will continue to monitor BTC's activity as has maintained above 50% dominance in the market despite altcoins making their run 🏃♂️🆙. I am hopeful we can continue a bullish market going into this new week!!
Would love to know what YOU think about BTC-USDT, and it's next move...
🐻 or 🐮 and why❓😄
🛑🛑🛑This is not financial advice, always have a stop🤚🛑💲 loss set🛑🛑🛑
Thank you so much!!
Any thoughts 💭🤔, questions🙋♀️🙋♂️❓, like👍, dislike👎, happy😃 or sad😥, always welcome in the comments below, thank you!
Jazerbay
