Hey Trader,
Check this trade out on BTCUSDT.
There is a possibility for BTC to break below the current demand zone (same zone that has once been used as supply.
A break below this zone could mean BTC heading back to $20k or even further down to monthly low of $15k.
Alternatively, if the price break above the roof (upper band of the descending triangle) then a further retest of $30k and $35k is very possible.
Keep a close tab on this.
Check this trade out on BTCUSDT.
There is a possibility for BTC to break below the current demand zone (same zone that has once been used as supply.
A break below this zone could mean BTC heading back to $20k or even further down to monthly low of $15k.
Alternatively, if the price break above the roof (upper band of the descending triangle) then a further retest of $30k and $35k is very possible.
Keep a close tab on this.
Note
BTC HIT THE FIRST TARGET - AGGRESSIVE ENTRYNote
NEW UPDATE ON BTCUSD
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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.