Hello, traders welcome you all to this BTC quick chart update.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As we can see in the above-mentioned chart that BTC was unable to hold the lower trend line support of a channel and broke down.
In the current scenario, it is clearly visible that BTC retested the lower trend line support to become resistant multiple times, which is the signal for down fall as we all know.
Currently, BTC is trading and holding the green support level at price level of $21k and it bounces every time from this level .
Here we can see some green candles towards the lower trend line resistance and break above in upcoming hours and this can be the possible low for now.
Lets see how it PA performers in upcoming hours.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
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.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As we can see in the above-mentioned chart that BTC was unable to hold the lower trend line support of a channel and broke down.
In the current scenario, it is clearly visible that BTC retested the lower trend line support to become resistant multiple times, which is the signal for down fall as we all know.
Currently, BTC is trading and holding the green support level at price level of $21k and it bounces every time from this level .
Here we can see some green candles towards the lower trend line resistance and break above in upcoming hours and this can be the possible low for now.
Lets see how it PA performers in upcoming hours.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
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.
