Several scenarios for BTCUSD
Several scenarios possible. The price is currently in a descending channel (in purple). BTC needs buying power to break out of the descending channel, the major downward sloping trendline (in red) and resistance around $4000. Likely, are we going to see action in the next 24H.
IF it manages to do this, for those in USDT, early entry would be between 4031 and 4100. Breakout entry would be above 4135 (Bitfinex).
IF it manages to do this, for those in USDT, early entry would be between 4031 and 4100. Breakout entry would be above 4135 (Bitfinex).
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.