BTC/USDT (Short-term Consolidation?)
💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is approaching near 50k dollar resistance level
-The price is reacting to every good fundamental news recently
-It is currently consolidating and retested the 20MA short term support
-The price bounces off for the 2nd time around which is a good sign of strength
-It seems the 48k dollar resistance area is acting as a strong barrier
-Though buyers are still interested at this high price
-I can say, Bitcoin is like to consolidate in this range until next week
-If it does, the chances to break this resistance zone will increase
-For now, there is no major red flag and the Altcoin space is loving it
-But always remember to follow your trading plan and put stop loss always
⚠️Please always read the description⚠️
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BTC/USDT
-Bitcoin is approaching near 50k dollar resistance level
-The price is reacting to every good fundamental news recently
-It is currently consolidating and retested the 20MA short term support
-The price bounces off for the 2nd time around which is a good sign of strength
-It seems the 48k dollar resistance area is acting as a strong barrier
-Though buyers are still interested at this high price
-I can say, Bitcoin is like to consolidate in this range until next week
-If it does, the chances to break this resistance zone will increase
-For now, there is no major red flag and the Altcoin space is loving it
-But always remember to follow your trading plan and put stop loss always
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to TheDeFiPool 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
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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.
Telegram Channels
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
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.