BTC / USDT
Huge sell off today
price dropped by more than 27% from the top
This can be very bad to some but it is normal market behavior after massvie pump
Looking at chart we now set on support area
(Trendline + 0.382 fib level )
bulls show some strength here
Possible secnario :
–We can see a bounce from here to 36-38k before another drop
–Bulls need to daily candel close above 38k to regain the bullish momentum
🚨If we lost the trendline support :
the price will drop to supports in the chart 28k and 23k (green color)
Thanks for reading Hope this help
Good luck and best wishes
Huge sell off today
price dropped by more than 27% from the top
This can be very bad to some but it is normal market behavior after massvie pump
Looking at chart we now set on support area
(Trendline + 0.382 fib level )
bulls show some strength here
Possible secnario :
–We can see a bounce from here to 36-38k before another drop
–Bulls need to daily candel close above 38k to regain the bullish momentum
🚨If we lost the trendline support :
the price will drop to supports in the chart 28k and 23k (green color)
Thanks for reading Hope this help
Good luck and best wishes
Note
BTC reached first area of resistance zone as mentioned ..36k ✅Note
UPDATE :Price reached 36k in my resistance zone and dropped a little as expected
Now nothing new as long as we couldn't close daily above 38.5k there is a chance for another drop
Breaking trendline will confirm this
I read chart not gampling
Good luck and have nice day everyone
📈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.