Update BTC/USDT :
The formulated model on the Daily chart is head and shoulders as explained before and also this is the reason for the random movement on the market.
Now the significant resistance is $40800 and then comes after very important support of $38,000 by breaking it I expect to reach a new bottom!
Of course, the expected scenario is we are going UP, what is happening now just correction, there is no need to worry about it, it's a good scalping opportunity now, we need a bonce from the current areas to penetrate the neckline and began to implement the current model that targets $55000
But do not forget the resistance exists on $49000 on the way!
The formulated model on the Daily chart is head and shoulders as explained before and also this is the reason for the random movement on the market.
Now the significant resistance is $40800 and then comes after very important support of $38,000 by breaking it I expect to reach a new bottom!
Of course, the expected scenario is we are going UP, what is happening now just correction, there is no need to worry about it, it's a good scalping opportunity now, we need a bonce from the current areas to penetrate the neckline and began to implement the current model that targets $55000
But do not forget the resistance exists on $49000 on the way!