BTC DUMPING : WILL IT SUSTAIN 37000 ??
Updated
Hello,
Welcome to the quick update of BTCUSDT. As stated in my last update, I think we are still not bullish on BTC as it has a number of resistance that it needs to break before hitting 48000. BTC managed to touch 40000, bringing a rally in altcoins. Unfortunately, It couldn't hold the 40000 level and it dumped badly and the altcoins also took a major dump.
As of now, it is holding the 37000 level i.e. the major support. If it breaks 37000, then we may see 35000 to 33000 levels. I think it should hold this level as it is major support and we may see a pump until 38800.
I think it's better we wait for the right moment to enter any trade and wait for confirmations. Please be safe with your positions and invest wisely.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Please like and share and comment on this idea if you liked it.
Welcome to the quick update of BTCUSDT. As stated in my last update, I think we are still not bullish on BTC as it has a number of resistance that it needs to break before hitting 48000. BTC managed to touch 40000, bringing a rally in altcoins. Unfortunately, It couldn't hold the 40000 level and it dumped badly and the altcoins also took a major dump.
As of now, it is holding the 37000 level i.e. the major support. If it breaks 37000, then we may see 35000 to 33000 levels. I think it should hold this level as it is major support and we may see a pump until 38800.
I think it's better we wait for the right moment to enter any trade and wait for confirmations. Please be safe with your positions and invest wisely.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Please like and share and comment on this idea if you liked it.
Note
BTCUSDT was unable to sustain 37000. We are now headed to 35000 or may be 33000.
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