#BTC retraced to 37k! What will be the new higher Low?
Updated
Welcome to this quick update everyone.
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The recent trade we took is TLM Long around .26- .27 zone that we are holding now.
BTC couldn't break and close above 42k and we saw a retracement to the lower 37 levels exactly as speculated in the last update,
What's next?
There are two possible scenarios with overall bullish trend.
1. We needed a higher high for BTC we already got it so 37k are could be the level where we bounce as the new higher low.
2. Else we can retrace to the second demand zone which is around 34k to 35k level.
If you like this update do hit the like button and share your views/requests regarding trades and charts in the comments section.
Also do not forget to check out other trade setups and charts, I'll leave links below this update.
Thank you
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
The recent trade we took is TLM Long around .26- .27 zone that we are holding now.
BTC couldn't break and close above 42k and we saw a retracement to the lower 37 levels exactly as speculated in the last update,
What's next?
There are two possible scenarios with overall bullish trend.
1. We needed a higher high for BTC we already got it so 37k are could be the level where we bounce as the new higher low.
2. Else we can retrace to the second demand zone which is around 34k to 35k level.
If you like this update do hit the like button and share your views/requests regarding trades and charts in the comments section.
Also do not forget to check out other trade setups and charts, I'll leave links below this update.
Thank you
Trade active
BTCUSDT 12 Hour Chart: The 12 Hour chart looks way better than other TFs tbh.
It is holding the trendline support after the breakout.
IMHO, BTC must continue its uptrend.
Comment
BITCOIN IS READY FOR A MEGA RALLY BUT ON FEW CONDITIONS: READ THE LATEST UPDATE BY CLICKING ON THIS CHART.
Trade active
#Bitcoin: Hit a $40600 low a few minutes back. I was waiting for this retracement as I told you.
IMHO multiple retests are likely before the weekly close.
We need a close above 41.2k level.
This will confirm an uptrend in Higher TFs too.
Let's wait for the weekly close I'll keep this chart updated.
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