BTC UPDATE! STILL WE ARE NOT OUT OF THE WOODS!!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update. My previous chart got invalidated. I told you to a drop in BTC to 30k but it didn't happen. Although after the update BTC made a drop of almost
1K so now BTC is taking nice reversal since yesterday and holds the support of $36,600 and bouncing nicely.
Let's go to the chart first. According to 3 days chart I'm not fully bullish until and unless BTC breaks and holds above $40,500 imp resistance level. According to this 3D chart I'm expecting two scenarios from here:-
Bullish scenario:- If BTC breaks and hold above 40.5k then be ready for a new bullish wave.
Bearish scenario:- If BTC unable to break this resistance zone then we might test a new low of BTC.
As of now I'm neutral on this chart and I'm extra cautious till then BTC is moving in 38.5k-40k range. Do not trade without stop loss.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC/USDT update. My previous chart got invalidated. I told you to a drop in BTC to 30k but it didn't happen. Although after the update BTC made a drop of almost
1K so now BTC is taking nice reversal since yesterday and holds the support of $36,600 and bouncing nicely. Let's go to the chart first. According to 3 days chart I'm not fully bullish until and unless BTC breaks and holds above $40,500 imp resistance level. According to this 3D chart I'm expecting two scenarios from here:-
Bullish scenario:- If BTC breaks and hold above 40.5k then be ready for a new bullish wave.
Bearish scenario:- If BTC unable to break this resistance zone then we might test a new low of BTC.
As of now I'm neutral on this chart and I'm extra cautious till then BTC is moving in 38.5k-40k range. Do not trade without stop loss.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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