#Bitcoin Current Update ( Daily Time Frame )
Updated
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#BTC Update
#BTC is trading inside this descending channel, as long as BTC trades inside the descending channel till that BTC will keep falling, To change the trend reversal ETH needs to break out of this channel.
Support:- 18700$ TO 19000
Resistance:- $20300,$21500,22500
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC Update
#BTC is trading inside this descending channel, as long as BTC trades inside the descending channel till that BTC will keep falling, To change the trend reversal ETH needs to break out of this channel.
Support:- 18700$ TO 19000
Resistance:- $20300,$21500,22500
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Note
BTC also makes this descending triangle pattern which is a bearish pattern, To conform to any move we need a breakout or breakdown of this pattern
so it's better to wait for the confirmation
Note
BTC continued its move inside the descending triangle for 143 days and it is getting closer with each tap on support and resistance zone.
Currently, the price is in a contraction phase and a breakout/breakdown with a good volume would happen anytime soon from here.
We've to keep an eye on a sustained breakout/breakdown to play accordingly with proper risk management
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