Hello Crypto Lovers, This is a 1D frame analysis for BTCUSDT As you can see, the price is bouncing towards the resistance line of 30,000 USD. At present, if the price cannot break the first resistance line, we expect a correction to the first support line and it can complete the pullback and if the support holds and the pullback pattern completes, it can move back towards its resistance line. But due to the price compression, there is a possibility of price increase and breaking the resistance line. If you don't want to take too much risk, Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
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.
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.