Hello traders! BTC is not looking Bullish including All other coins. Be careful Buyers.
If we see the current formation it's a rising Wedge Formation and it always formed to drop hard and if we see the nature of this formation, whenever it forms on the peak it gives a small breakdown then moves up again to make new highs but this time it is formed below the peak so it's not a good situation for buyers as once It breaks this formation there is no chance to come back.
At 42k There is the first Major support which will work as short-term support but it cannot hold the price longer as the Market is aiming to break a very old trendline line which is at 20K Target. This call is not just a panic call, It's a calculative one.
Once it breaks 20K price it is good to go for Buy. The market will keep pushing down for this whole year.
Don't forget to hit the like button and follow to stay connected
If we see the current formation it's a rising Wedge Formation and it always formed to drop hard and if we see the nature of this formation, whenever it forms on the peak it gives a small breakdown then moves up again to make new highs but this time it is formed below the peak so it's not a good situation for buyers as once It breaks this formation there is no chance to come back.
At 42k There is the first Major support which will work as short-term support but it cannot hold the price longer as the Market is aiming to break a very old trendline line which is at 20K Target. This call is not just a panic call, It's a calculative one.
Once it breaks 20K price it is good to go for Buy. The market will keep pushing down for this whole year.
Don't forget to hit the like button and follow to stay connected