BITCOIN: A GOOD RALLY.
Welcome folks to this BTC update.
Timeframe: 4 hours.
Update: Once again, as expected, BTC rallied from the support. Although it showed some fakery in between but ultimately it bounced back from the support level. BTC is already up by 8% and if this continues then BTC can likely rally up to $22.5k.
Trade Setup: If BTC show some retest then $19.5k to $19.9k will be a good re-entry level. Stop Loss can be at $18.7k and the target will be $22k. If BTC doesn't retest at all then let it be, we can get another opportunity.
I will update more on this later until then trade safely.
Do support with your likes and comments.
Thank you.
Timeframe: 4 hours.
Update: Once again, as expected, BTC rallied from the support. Although it showed some fakery in between but ultimately it bounced back from the support level. BTC is already up by 8% and if this continues then BTC can likely rally up to $22.5k.
Trade Setup: If BTC show some retest then $19.5k to $19.9k will be a good re-entry level. Stop Loss can be at $18.7k and the target will be $22k. If BTC doesn't retest at all then let it be, we can get another opportunity.
I will update more on this later until then trade safely.
Do support with your likes and comments.
Thank you.
BTC Update:
BTC didn't retest as expected. From $20.5k it rallied up to $21k which was good. The current price is stable at $20.9k and the chart demands a rally towards $22.5k.
Note: BTC is still under a bearish flag pattern and until and unless it breaks above the $22.5k resistance level things are still bearish.
I will keep you updated until then don't lose your hard-earned money.
Thank you.