BTCUSDT
Updated
My bias on BTCUSDT. A thread
Note
Bitcoin has been having a hard time trying to break pass the above resistance. It is obvious that a lot of sell limit orders are there. So because of that, I marked that zone out as a respected zone and a dump to the 18600 level zone won't be a new thing. Check out my next view below.
Note
A reason it might dump again to the 18600 level is to retest the neckline of the double bottom structure. Looking at the RSI, it is also overbought.
Do you have any other confluences or you want to criticize my idea?
Let me know your thoughts in the comment session.
Note
So that is the end of my analysis. I usually do this on my telegram channel to help fellow traders take appropriate decisions in the market. Link to my channel is t.me/markettfanalysis.Don’t forget to also leave a comment below. Thank you.
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