Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BTC update.
After breaking down from its major support level of $18k, BTC gives some relief rally here. But the question is this move is sustainable?
* Technically it looks like a bearish retest to me.
* We need a daily close above the $18.5k-$19k level to enter again in bullish mode.
* After this successful retest, my target is the
12K-
13K level.
Note:- Also, post a USDT DOMINANCE chart below this so must check it out as well.
But one thing I must say is, if you haven't bought any BTC yet then you should buy some here and set the bids up to the $10k level because no one knows the absolute bottom.
Hope this idea helps you to get better trade decisions.
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 update.
After breaking down from its major support level of $18k, BTC gives some relief rally here. But the question is this move is sustainable?
* Technically it looks like a bearish retest to me.
* We need a daily close above the $18.5k-$19k level to enter again in bullish mode.
* After this successful retest, my target is the
12K-13K level. Note:- Also, post a USDT DOMINANCE chart below this so must check it out as well.
But one thing I must say is, if you haven't bought any BTC yet then you should buy some here and set the bids up to the $10k level because no one knows the absolute bottom.
Hope this idea helps you to get better trade decisions.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Note
USDT Dominance looks bullish. It breaks out from the cup and handle pattern in the daily time frame and currently looks like a bullish retest is going on. After this successful retest, we expect a good bounce in USDT Dominance and a dump in BTC.
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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.