1D BTCUSDT.
Hi everyone!
Daily " BTCUSDT Upward channel.
BTC is currently Trading at 42.2k looking to bounce of up from down trend support level. (White line )
If achieving good volume we could see it re-test previous failed resistance at $45.9 K (strong resistance level)
If failing to hold above this level and( a) daily candle closes below 40.8K (White broken line)Would mean that the Price Channel is broken t BTC cloud drop to 35k or even lower.
ALWAYS look for extra confirmation before making any trade.
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research DYOR. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Daily " BTCUSDT Upward channel.
BTC is currently Trading at 42.2k looking to bounce of up from down trend support level. (White line )
If achieving good volume we could see it re-test previous failed resistance at $45.9 K (strong resistance level)
If failing to hold above this level and( a) daily candle closes below 40.8K (White broken line)Would mean that the Price Channel is broken t BTC cloud drop to 35k or even lower.
ALWAYS look for extra confirmation before making any trade.
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research DYOR. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
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.