OK_Rane

BTC/USDT,Bearish flag revers. bt resistance at 38.20% Fib Retra

BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC momentum has been shifting, have seen bearish flag reversal but to make buying move support at 6358 level is necessary, It is 38.20 entrancement level.
Chart analysis to be observed,
1. BTC is above weekly central pivot
2.Volume spiked
3.Bearish flag reversal
4. Fibonacci entrancement

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.