BTC is testing resistance zone
BTC / USDT
BTC followed my last update and hit my first resistance 44k
Today BTC finally touched 200D MA first time since MAY ,This moving average act as dynamic resistance
Also in logarithmic chart we can see price is around upperline of descending channel
*Technically we are in strong resistance zone
📌Next Move ?
–Bullish scenario :
need 2 daily candles to close above current resistance to push price toward next resistances around 46k and 51k
–Bearish scenario:
Failure and rejection will push price toward support zones
1st support zone : 41k-39k
2nd support zone : 37k-35k
📌What can we do now ?
We are currently in huge profits ,we successed to hunt alot of alts during this upside breakout during july and early August
Now Time to fix some profits partially and decrease fomo until see how price will react here
Best of luck
BTC followed my last update and hit my first resistance 44k
Today BTC finally touched 200D MA first time since MAY ,This moving average act as dynamic resistance
Also in logarithmic chart we can see price is around upperline of descending channel
*Technically we are in strong resistance zone
📌Next Move ?
–Bullish scenario :
need 2 daily candles to close above current resistance to push price toward next resistances around 46k and 51k
–Bearish scenario:
Failure and rejection will push price toward support zones
1st support zone : 41k-39k
2nd support zone : 37k-35k
📌What can we do now ?
We are currently in huge profits ,we successed to hunt alot of alts during this upside breakout during july and early August
Now Time to fix some profits partially and decrease fomo until see how price will react here
Best of luck
📈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
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