Bitcoin day update - AFTER THE 39K TREND AND RECOVERY
Hello trading friends,
This is a small trend update for BTCUSDT with the last data.
on some exchanges data BTC did hit the 39K trend into a small hit trend, after that we did get a recovery trend, but still not into the breakdown trend that is below the 35K with confirmation trend and time frame.
Where is BTC NOW?
Bitcoin is into the small time frame area into break downtrend - it's important for BTC to increase above 37400 to get the new time frame volume trend - so that BTC can go with re-test to 39K trend.
37400 + is an important target to watch, on that target we could get volume, what will be the split zone even for the breakdown trend as uptrend - but confirming above that trend with time frame, means the huge chance that BTC will go back to the trend of 39K for the second time with re-test.
The next power trend line is 38600 which could be again very important for the confirmation of BTC - it's a place where the volume is high.
At this moment with the live trend - into small time frame we are still into breakdown trend, the main trend is still positive and 37400+ important level to watch for next uptrend.
Have a great day.
# this is not a trading call post, manage always your risk.
This is a small trend update for BTCUSDT with the last data.
on some exchanges data BTC did hit the 39K trend into a small hit trend, after that we did get a recovery trend, but still not into the breakdown trend that is below the 35K with confirmation trend and time frame.
Where is BTC NOW?
Bitcoin is into the small time frame area into break downtrend - it's important for BTC to increase above 37400 to get the new time frame volume trend - so that BTC can go with re-test to 39K trend.
37400 + is an important target to watch, on that target we could get volume, what will be the split zone even for the breakdown trend as uptrend - but confirming above that trend with time frame, means the huge chance that BTC will go back to the trend of 39K for the second time with re-test.
The next power trend line is 38600 which could be again very important for the confirmation of BTC - it's a place where the volume is high.
At this moment with the live trend - into small time frame we are still into breakdown trend, the main trend is still positive and 37400+ important level to watch for next uptrend.
Have a great day.
# this is not a trading call post, manage always your risk.
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