Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick update on Bitcoin. Currently, BTC is hovering at around $55,500 and it does not look good here. BTC already broke down the rising wedge pattern and if Bitcoin follows this pattern then we see a dump in the price of bitcoin in the upcoming days.
However, there is a strong support zone at $53,600. If BTC does not hold this level then we may revisit the $50k zone.
Also, trading in altcoins is still risky. Dominance continuously rising. Till then we do not see any rejection in dominance trading in altcoins is risky. So play safe and keep a close eye on Bitcoin and USDT dominance.
If you like this idea then do appreciate it with like and follow.
It motivates me to work more and more.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
Welcome to this quick update on Bitcoin. Currently, BTC is hovering at around $55,500 and it does not look good here. BTC already broke down the rising wedge pattern and if Bitcoin follows this pattern then we see a dump in the price of bitcoin in the upcoming days.
However, there is a strong support zone at $53,600. If BTC does not hold this level then we may revisit the $50k zone.
Also, trading in altcoins is still risky. Dominance continuously rising. Till then we do not see any rejection in dominance trading in altcoins is risky. So play safe and keep a close eye on Bitcoin and USDT dominance.
If you like this idea then do appreciate it with like and follow.
It motivates me to work more and more.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!
Trade active
Told you BTC does not look good here and here the dump starts. But before taking any move I think wait for the daily is a good idea.
However, place your buy bids at $49-52K if you haven't bought BTC yet.
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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.
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.