Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. After breaking down the $40k crucial level looks like BTC made a support around $35k.
BTC is hovering inside a big triangle and currently near the lower trendline of the triangle. Also the weekly close was good which is above
36K so I'm expecting a bounce from here. If daily candle breaks an close below $35,400 then last hope for bulls is $30k.
Still BTC have to face many resistances to become bullish again. First resistance is $40k which is a very important support previously. Second resistance is $45,500 and the third and the last resistance is $53,500
Although BTC might made some wicks below $35k but as long as daily close above $35k I'm expecting a good bounce sooner or later.
INVALIDATION LEVEL:- IF DAILY CANDLE CLOSE BELOW $34,500.
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. After breaking down the $40k crucial level looks like BTC made a support around $35k.
BTC is hovering inside a big triangle and currently near the lower trendline of the triangle. Also the weekly close was good which is above
36K so I'm expecting a bounce from here. If daily candle breaks an close below $35,400 then last hope for bulls is $30k. Still BTC have to face many resistances to become bullish again. First resistance is $40k which is a very important support previously. Second resistance is $45,500 and the third and the last resistance is $53,500
Although BTC might made some wicks below $35k but as long as daily close above $35k I'm expecting a good bounce sooner or later.
INVALIDATION LEVEL:- IF DAILY CANDLE CLOSE BELOW $34,500.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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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.