BTC IS BREAKING OUT BUT NEED TO HOLD THIS LEVEL...
Updated
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. BTC looks good in 6hr time frame.
BTC is breaking out the symmetrical triangle in 6hr time frame and currently retesting it. From here we expect a good bounce in BTC.
If BTC doesn't hold 40.5k level then it might came to retest the 100ma which is around at $39,500 level. For further upward movement BTC needs to break purple line which is at 42.5k
So overall things looks better IMO. If you want then you can open a long position here with low leverage and add more up to
39K with SL at $37,800.
Also, soon I'm sharing some good altcoins setups long term and scalping setups so stay tuned.
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/USDT update. BTC looks good in 6hr time frame.
BTC is breaking out the symmetrical triangle in 6hr time frame and currently retesting it. From here we expect a good bounce in BTC.
If BTC doesn't hold 40.5k level then it might came to retest the 100ma which is around at $39,500 level. For further upward movement BTC needs to break purple line which is at 42.5k
So overall things looks better IMO. If you want then you can open a long position here with low leverage and add more up to
39K with SL at $37,800.Also, soon I'm sharing some good altcoins setups long term and scalping setups so stay tuned.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Comment
BTC is still trading above the triangle and holds a 40.5k level so far which is good. As long as BTC is trading above 40.5k it is highly likely that we test again 45k-
46K resistance level.Comment
BTC is going well so far as we predicted in our previous post. Now there is only one hurdle left (Purple line). Once BTC breaks and closes above this purple line we will see BTC at 45k-
46K sooner than we expected. All we need is that BTC holds its $41,200 support.Comment
BTC looks fine as of now. Rejecting from the 42.5k resistance so far. BTC needs to break and close above this resistance level for further upside movement. As long as BTC holds $41,200 support I'm expecting it to reach 45k-
46KWe might see some correction in the market so do not trade without SL, especially with a leverage position. More pictures will clear after the weekly close.
Related publications
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.