Hello dear traders.
We have btc/usdt pair in daily time frame.
After days of consolidation and lacking power for breaking 31,500 resistance, price broke down the 29500 support with giant red candle and proved to be looking for heading south.
Now we are looking for two scenarios:
1: Price will bounce from the dynamic support of the trend line near 27,500 and possibly will reach a higher high near 34,000 and then will start to decline.
2: Price will continue to go down straight to the lower boundaries of the master trend line (Which i personally neither like nor think that will happen)
Either way i think we will gonna see 20k in coming months.
It's not a financial advice
Trade safe and Always use Stop-Loss.
Have fun living your life :)
We have btc/usdt pair in daily time frame.
After days of consolidation and lacking power for breaking 31,500 resistance, price broke down the 29500 support with giant red candle and proved to be looking for heading south.
Now we are looking for two scenarios:
1: Price will bounce from the dynamic support of the trend line near 27,500 and possibly will reach a higher high near 34,000 and then will start to decline.
2: Price will continue to go down straight to the lower boundaries of the master trend line (Which i personally neither like nor think that will happen)
Either way i think we will gonna see 20k in coming months.
It's not a financial advice
Trade safe and Always use Stop-Loss.
Have fun living your life :)