Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USD update. First of all do not panic guys. This was expecting and I told you many times in my previous updates that we might see a last sweep to $38k-$39k
So now what?
As you see in the chart BTC is trading inside a falling wedge channel in daily timeframe. And currently testing the lower trendline of this falling wedge. So I'm expecting a good bounce from here.
We might see some wick to the $37k for creating more panic in the market but don't panic until and unless BTC daily close below $38k. We must need a close above $38k and I think it happens.
As of now I would recommend not to open any new positions now. First let's settle the bitcoin then we will look into some altcoins.
Invalidation Level:- Daily close below $38k
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC/USD update. First of all do not panic guys. This was expecting and I told you many times in my previous updates that we might see a last sweep to $38k-$39k
So now what?
As you see in the chart BTC is trading inside a falling wedge channel in daily timeframe. And currently testing the lower trendline of this falling wedge. So I'm expecting a good bounce from here.
We might see some wick to the $37k for creating more panic in the market but don't panic until and unless BTC daily close below $38k. We must need a close above $38k and I think it happens.
As of now I would recommend not to open any new positions now. First let's settle the bitcoin then we will look into some altcoins.
Invalidation Level:- Daily close below $38k
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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.
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.