Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BTC does not look good at all in lower time frames. It breaks all the important support levels. As I told you in my previous BTC updates that $28,800 is a very important support for BTC but it doesn't holds and now you see the result.
So what's next? Is there still any chance for a bounce?
According to this 3-days chart, BTC breaks below the giant triangle but one thing I see here is that this 3-days candle still not closed. So still there is a little hope for us if and only if BTC close this candle above $28,200 level.
If we get the next 3-days candle close above $28,200 then all these downside move turned into a fake out. But if we close below $28k then ready to see more lows.
Do not open any short or long position now. It's better to wait for the weekly close for more confirmation.
Do not take much stress. As you know nothing goes down or up forever. Sooner or later we see a continuous green days. We just have to wait patiently.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC update.
BTC does not look good at all in lower time frames. It breaks all the important support levels. As I told you in my previous BTC updates that $28,800 is a very important support for BTC but it doesn't holds and now you see the result.
So what's next? Is there still any chance for a bounce?
According to this 3-days chart, BTC breaks below the giant triangle but one thing I see here is that this 3-days candle still not closed. So still there is a little hope for us if and only if BTC close this candle above $28,200 level.
If we get the next 3-days candle close above $28,200 then all these downside move turned into a fake out. But if we close below $28k then ready to see more lows.
Do not open any short or long position now. It's better to wait for the weekly close for more confirmation.
Do not take much stress. As you know nothing goes down or up forever. Sooner or later we see a continuous green days. We just have to wait patiently.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
