Hello, traders welcome to another BTC/USDT chart update.
As we can see from the above-mentioned chart the weekly candle of BTC closed really well after a sharp Wyckoff.
After almost 4 weeks of consolidation at the 0.0618 fib level, BTC printed well and good weekly close. BTC till now performed really well and pumped almost 5.5%.
Here BTC needs to hold and gain the current price level and candle close above the price level of $31.4k.
Candle close above the yellow support zone will lead BTC upward towards the price level of $36k in the upcoming weeks.
Candle close below the lower trend line support will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
As we can see from the above-mentioned chart the weekly candle of BTC closed really well after a sharp Wyckoff.
After almost 4 weeks of consolidation at the 0.0618 fib level, BTC printed well and good weekly close. BTC till now performed really well and pumped almost 5.5%.
Here BTC needs to hold and gain the current price level and candle close above the price level of $31.4k.
Candle close above the yellow support zone will lead BTC upward towards the price level of $36k in the upcoming weeks.
Candle close below the lower trend line support will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
