BTC/USDT:: short 1w Chart Timeframe
Recently we had a bounce above $50796 and it's also broke above Daily EMA200 and reach 52100 level
Now it's been rejected because of the hourly candle close below $50796 and it's located one Daily EMA200 and EMA 33/55 cloud.
The main idea is still can be bullish because of the support from $46500's S/R line and the EMAs below.
But any confirmation below $46500 will lead the pair into lower S/R zone and the lower support zone at $45600.
IF BTC Break 45500 level Again then we see again 40k level soon and btc not maintain 40k support then next Bounce level Will be 28000 march 2021
remember it just prediction on 1w chart timefram
use Proper stop loss in your all long positions as mnch
#CHEERS
#crypto Trader (SAQII)
Now it's been rejected because of the hourly candle close below $50796 and it's located one Daily EMA200 and EMA 33/55 cloud.
The main idea is still can be bullish because of the support from $46500's S/R line and the EMAs below.
But any confirmation below $46500 will lead the pair into lower S/R zone and the lower support zone at $45600.
IF BTC Break 45500 level Again then we see again 40k level soon and btc not maintain 40k support then next Bounce level Will be 28000 march 2021
remember it just prediction on 1w chart timefram
use Proper stop loss in your all long positions as mnch
#CHEERS
#crypto Trader (SAQII)