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BTC DUMPING : WILL IT SUSTAIN 37000 ??Hello, Welcome to the quick update of BTCUSDT. As stated in my last update, I think we are still not bullish on BTC as it has a number of resistance that it needs to break before hitting 48000. BTC managed to touch 40000, bringing a rally in altcoins. Unfortunately, It couldn't hold the 40000 level and it dumped badly and the altcoins also took a major dump. As of now, it is holding the 37000 level i.e. the major support. If it breaks 37000, then we may see 35000 to 33000 levels. I think it should hold this level as it is major support and we may see a pump until 38800. I think it's better we wait for the right moment to enter any trade and wait for confirmations. Please be safe with your positions and invest wisely. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
2
WHERE IS BTCUSDT HEADED : 33000, 35000 or 37000 ??Hello !! Welcome to the quick update of BTCUSDT. From a long time, it was trading between 37200 and 39300. We saw a pump from 37200 until 40000. BTC suddenly took a dump until 37000 again breaking the bear flag downwards. Unfortunately, BTC was unable to hold the 37000 level and it broke the initial support. As of now, BTC is tarding at around 35800 and I think more dump is incoming. As we can see in the charts, the respective resistance and support levels. In One scenario, BTC can come to 35000 and then pump until the next resistance R1, followed by R2 and R3. Whereas in the second scenario, it may come until 33000 and then pump until 35000 followed by 37200 and 39300. As of now, we are very uncertain and the market is very unstable. I suggest everyone to hold your patience and wait for a clearer picture and trade only after confirmations. Till then be safe and wait for the right moment. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG