Hello traders, welcome to this BTC update in a shorter timeframe.
Timeframe: 3 hours.
Recap: As per our previous chart, BTC maintained the support level following the bullish divergence pattern. It bounced back from $19500 (divergence support) to $20500 (current resistance).
Update: BTC in a lower timeframe is forming a bullish falling wedge pattern which is a good thing for the market. The current resistance will decide the next flow of the market.
1. Breakout and retest will allow the market to move in a positive direction.
2. Rejection will drop the price back to $19300.
Conclusion: The market is in a perplexing stage at present and on top of that the FEDs. It will be wise to wait for a confirmation.
I hope this idea was helpful for you. Let me know your ideas on the current market scenario.
Note: This idea is in a shorter timeframe. So, take your trades accordingly.
Trade safely.
Timeframe: 3 hours.
Recap: As per our previous chart, BTC maintained the support level following the bullish divergence pattern. It bounced back from $19500 (divergence support) to $20500 (current resistance).
Update: BTC in a lower timeframe is forming a bullish falling wedge pattern which is a good thing for the market. The current resistance will decide the next flow of the market.
1. Breakout and retest will allow the market to move in a positive direction.
2. Rejection will drop the price back to $19300.
Conclusion: The market is in a perplexing stage at present and on top of that the FEDs. It will be wise to wait for a confirmation.
I hope this idea was helpful for you. Let me know your ideas on the current market scenario.
Note: This idea is in a shorter timeframe. So, take your trades accordingly.
Trade safely.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.