Alright guys, here's a quick BTC update in 6 hours timeframe.
BTC might have broken the white trendline but it is yet to break through the $45.5k horizontal resistance level. If BTC breaks through this level then we will see something new happening. We have seen a good rally in BTC and other altcoins and it's high time that BTC should calm down a bit and show some retest.
If at all BTC retest then I am expecting $43.5k to be the level. Things will go wrong if BTC breaks down below the $43.5k support level. The RSI on the other hand is hovering over the overbought range and it is most likely to drop anytime soon.
We made some good profits on HBAR, DOGE, LTC, TRX, ETH, and the current market is already pumped. In this situation, we could either wait to re-enter or short some highly pumped coins.
I'll update more on this so keep in touch.
BTC might have broken the white trendline but it is yet to break through the $45.5k horizontal resistance level. If BTC breaks through this level then we will see something new happening. We have seen a good rally in BTC and other altcoins and it's high time that BTC should calm down a bit and show some retest.
If at all BTC retest then I am expecting $43.5k to be the level. Things will go wrong if BTC breaks down below the $43.5k support level. The RSI on the other hand is hovering over the overbought range and it is most likely to drop anytime soon.
We made some good profits on HBAR, DOGE, LTC, TRX, ETH, and the current market is already pumped. In this situation, we could either wait to re-enter or short some highly pumped coins.
I'll update more on this so keep in touch.
