Bitcoin try to enter Symmetrical triangle again, bear trapped
Welcome to this quick update.
Technical Analysis ,
BTCUSDT bounced from its daily support level . As said pervious chart , there's a high Liquidity area between $30,000 - $31,000. Price just took out $34,000 area. Currently, price might retest resistance area of $35,150 - $35,800 and seems like breakout and enter the symmetrical triangle again, you can called its fake breakdown or bear trapped here. now bull is full control with good volume.
Break and close above this area will lead to a mini alts rally. There's also some bullish news, which not giving much impact because market sentiment is still bearish by which FUDs are having much higher impact . Keeping in mind the current fear in the market We can get surprised too. Let’s wait and watch.
Break and close above the 43k level could trigger a momentum for another bullish rally. Too soon to say anything though.
SO IN A NUTSHELL : Close below 30k level bearish
Close above 43k level Bullish
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#bitcoin #crypto #nextmove #bullmarket #bearmarket #sideways #breakdown #btcusd #dailyclosed #pinpongzone
Technical Analysis ,
BTCUSDT bounced from its daily support level . As said pervious chart , there's a high Liquidity area between $30,000 - $31,000. Price just took out $34,000 area. Currently, price might retest resistance area of $35,150 - $35,800 and seems like breakout and enter the symmetrical triangle again, you can called its fake breakdown or bear trapped here. now bull is full control with good volume.
Break and close above this area will lead to a mini alts rally. There's also some bullish news, which not giving much impact because market sentiment is still bearish by which FUDs are having much higher impact . Keeping in mind the current fear in the market We can get surprised too. Let’s wait and watch.
Break and close above the 43k level could trigger a momentum for another bullish rally. Too soon to say anything though.
SO IN A NUTSHELL : Close below 30k level bearish
Close above 43k level Bullish
Do hit the like button and share your views on the comment section.
❤️ If you find this helpful and want more FREE forecasts in Tradingview.
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, ❤️
#bitcoin #crypto #nextmove #bullmarket #bearmarket #sideways #breakdown #btcusd #dailyclosed #pinpongzone
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