Observations:
If we see on the weekly chart the previous demand zone is clearly resisting the price to go up.
on bottom side price has taken the support from previous supply zone/Resistance Acts as support and price moves up.
Weekly analysis...
Daily Analysis::
If we see on daily analysis...the price is in a range from few days...
the previous supply zone is...
Observations::
End of bearishness in the BTCUSDT.....
the crypto currency is now @ Golden zone...
It is going to reversal from this area ...
If the previous resistance acts as support, will observe the price is going and will to reach 30K again.
it forms a triangle pattern,
Btcusdt
Facing Strong Horizontal Resistance Here
Price will retest the support again
Btc will remain bullish as long as it is above this trendline
If this support loses, we will see a correction ,possible to 25k
Remember: These are just ideas that we share from our experience, it does not mean that they will be 100% perfect, anything can happen in the...
#MarketUpdates #Bitcoin support is 23500 while resistance is 25200. #Bitcoin has performed well since yesterday while more alts have also strengthened their support. 25200 has become a tough resistance for Bitcoin (but may cross). When the resistance of 25200 is crossed successfully. So we may see a #bullish spike in the overall market.
CRYPTO MARKET UPDATE BY TEAM TENUP
Pakistan Time: 06:15 AM
Bitcoin support levels - $16300 and 16000 strong Support
(Buyers available at this point )
Bitcoin resistance - $16,600 and $17,000 strong resistance
(Sellers available at this point )
Market depends upon Bitcoin movement so we updated you now trade with Risk management and enjoy the bitcoin update.
Keep...
BTCUSDT technical analysis
Btcusdt trading in channel pattern. You can trade easily in this pattern. Buy from dip & sell from top. Use Risk management and enjoy the setup.
According to the previous analyses, the trend is still bearish for those interested in knowing what will happen to Bitcoin in the future or wanting to trade on it.
The situation is likely to happen in the short-term time frame, as shown in the image.
Follow me, like, comment, and any questions.
Observe the money management and the stop loss.
Be careful, Today I updated the chart and saw the chart on multi time-frame and I realized that the chart will not return from the price area of 18,000 and will fall to the price of 13K-14K.
last week professionals did profit taking by their long positions. 48700 initial support even suspect break due to fast fall down. 452000 strong support area should hold to maintain bullish trend for longer term. 63300 and 65000 possible target soon, even suspect more bullish if breaks and hold above 65000
