Bitcoin / TetherUSUpdated BTCUSDT - Can it replicate its earlier rally to $5600?
From the $5200 support level, btc had earlier rallied to $5600 from where it dropped down to the same support level. It is now trying to replicate the earlier path on the 4 hourly time frame. Can it? Lets wait and see.... cheers!!
Note
Looks the same but the width of the rectangle increased. Indicates the possibility of the its direction towards 6300 with an impulsive move in the range 5500 to 5600
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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.