BTC / USDT
In my last idea about BTC i discussed a possible retracment to 52k level but that didnt happen yet and price move above our ascending channel which considered as fakeout for now
52.5k still our key level of support
price closed below 20ema for first time since 8 march Which suggest another drop to 52k
Here is equal to 0.618 fib level and 50 ema and strong horizontal support
Price may not hit it exactly may be little above (53k) or a little below (51k)
after that Next psychological support is around 50k and hoping we not lost it
For BTC to gain strong bullish momentum again need to close daily above 58k
This is my personal idea and reading chart hope it help you
Good luck best wishes
In my last idea about BTC i discussed a possible retracment to 52k level but that didnt happen yet and price move above our ascending channel which considered as fakeout for now
52.5k still our key level of support
price closed below 20ema for first time since 8 march Which suggest another drop to 52k
Here is equal to 0.618 fib level and 50 ema and strong horizontal support
Price may not hit it exactly may be little above (53k) or a little below (51k)
after that Next psychological support is around 50k and hoping we not lost it
For BTC to gain strong bullish momentum again need to close daily above 58k
This is my personal idea and reading chart hope it help you
Good luck best wishes
Note
#BTCUSDT updatelook at where the price try to bounce
From my green zone in chart😉
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
Related publications
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.
📈Telegram channel: t.me/bitcoin_masters
💎For Premium Signals Group ask me here: t.me/Babenski
💎For Premium Signals Group ask me here: t.me/Babenski
Related publications
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.