BTC: FORMING A CHANNEL.
Hello guys, here's a quick update on BTC price in 4 hours timeframe.
BTC is forming a channel here and looks like $40500 to $42700 is the support and resistance. In between, we have the 21 MA and currently, BTC is below it.
I am expecting BTC to drop up to the $40500 level and then bounce back but if it breaks below the $40500 support level then BTC is in danger.
For a bullish move, BTC must break above the resistance level.
I will only go bearish if BTC breaks down below the $40500 support level.
Remember that BTC is consistently trying to break in both directions and we don't know whether BTC will break out or break down.
Finger cross, guys.
I ain't posting any trade signal these days because of this sideway move. This isn't the market to trade. You may disagree with me but I would like to be on the safer side. I am rather buying more and more NFTs these days.
Let me know if you wanna know more about NFTs or do share if you have any good ideas about NFT.
See you guys.
BTC is forming a channel here and looks like $40500 to $42700 is the support and resistance. In between, we have the 21 MA and currently, BTC is below it.
I am expecting BTC to drop up to the $40500 level and then bounce back but if it breaks below the $40500 support level then BTC is in danger.
For a bullish move, BTC must break above the resistance level.
I will only go bearish if BTC breaks down below the $40500 support level.
Remember that BTC is consistently trying to break in both directions and we don't know whether BTC will break out or break down.
Finger cross, guys.
I ain't posting any trade signal these days because of this sideway move. This isn't the market to trade. You may disagree with me but I would like to be on the safer side. I am rather buying more and more NFTs these days.
Let me know if you wanna know more about NFTs or do share if you have any good ideas about NFT.
See you guys.
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