Hello, traders welcome to another BTC/USDT chart update.
As we can observe from the above-mentioned chart that nothing much changed at this chart, BTC is still trading on a support green zone.
To print a decisive move BTC needs to break above this support zone to rally towards the price level of $33k.
Now, if we consider the FIB LEVELS, BTC is trading on a 0.5 fib level for last 9 candles.
In shorter time frame BTC looks bullish so,BTC can bounce from this level, but break below this level will lead BTC to its 0.618 fib level which is the price level of $28.9k, and a resting point of a triangle pattern.
In HTF we should wait for the confirmation which will be the candle close above the support area to enter the market.
let's see how BTC performs in upcoming hours.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
As we can observe from the above-mentioned chart that nothing much changed at this chart, BTC is still trading on a support green zone.
To print a decisive move BTC needs to break above this support zone to rally towards the price level of $33k.
Now, if we consider the FIB LEVELS, BTC is trading on a 0.5 fib level for last 9 candles.
In shorter time frame BTC looks bullish so,BTC can bounce from this level, but break below this level will lead BTC to its 0.618 fib level which is the price level of $28.9k, and a resting point of a triangle pattern.
In HTF we should wait for the confirmation which will be the candle close above the support area to enter the market.
let's see how BTC performs in upcoming hours.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
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