Hello !!
Welcome to the quick update of BTCUSDT.
After breaking the initial support of 28300, BTC took a deep dump. It tried to sustain at the 26k level but eventually fell off making a new low of 20100, which is down almost 70% from ATH. It took a pump from 20100 and is currently trading around 22K.
In order for us to be bullish again, it needs to break the 28k level, below it we are still bearish. The various scenarios are mentioned in the chart, if BTC breaks the 20k level, we can see it dump to 17k followed by 10k in the worse case.
Let's see how the market reacts and wait for the right moment to enter any trade.
The market is still very uncertain, and unstable and I would suggest everyone hold their patience and wait for a clearer picture and trade only after confirmations.
As of now, please take trades with caution and with STRICT STOPLOSS else you might end up blowing your trading account.
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.
Welcome to the quick update of BTCUSDT.
After breaking the initial support of 28300, BTC took a deep dump. It tried to sustain at the 26k level but eventually fell off making a new low of 20100, which is down almost 70% from ATH. It took a pump from 20100 and is currently trading around 22K.
In order for us to be bullish again, it needs to break the 28k level, below it we are still bearish. The various scenarios are mentioned in the chart, if BTC breaks the 20k level, we can see it dump to 17k followed by 10k in the worse case.
Let's see how the market reacts and wait for the right moment to enter any trade.
The market is still very uncertain, and unstable and I would suggest everyone hold their patience and wait for a clearer picture and trade only after confirmations.
As of now, please take trades with caution and with STRICT STOPLOSS else you might end up blowing your trading account.
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.
