Hello, community members welcome to this BTC/USDT 4hr chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As we can see from the above-mentioned chart that Bearish Pennant has Broke Downside.
In the current scenario BTC heading towards the yellow support zone from where BTC can bounce.
Another major support zone is at the price level between $27500 - $28000.
IMO, According to the Current scenario NOW, BITCOIN might retest the lower support zone before a massive bullish wave towards the $35500 price level.
RSI also prints a bullish divergence pattern and bounces on a trend line support.
Here Don't fall into Beartrap, Keep buying the dips and Relax.
INVALIDATION: candle close below the lower green support in a 4hr time frame will be the invalidation point of this chart analysis.
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 OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
As we can see from the above-mentioned chart that Bearish Pennant has Broke Downside.
In the current scenario BTC heading towards the yellow support zone from where BTC can bounce.
Another major support zone is at the price level between $27500 - $28000.
IMO, According to the Current scenario NOW, BITCOIN might retest the lower support zone before a massive bullish wave towards the $35500 price level.
RSI also prints a bullish divergence pattern and bounces on a trend line support.
Here Don't fall into Beartrap, Keep buying the dips and Relax.
INVALIDATION: candle close below the lower green support in a 4hr time frame will be the invalidation point of this chart analysis.
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 OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
