BTC/USDT: Possible trends

16 Apr 2022

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BTC UPDATE:

In short a time, BTC is making this SYMMETRICAL triangle pattern but it's not confirmed because we have 2 scenarios.

First scenario: In the first scenario, it is looking like it's all ready broken the triangle and currently retesting it.

The second scenario: It looks like it will retest the lower support level then it will bounce from there.

if it breaks the lower important support then the chart will become invalid.

let's see how the market reacts in a few hours.

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16 Apr 2022

Nota

BTC quick update:-

Here we have two scenarios

First scenario: If a 4-hour candle closes above this lower support level of this symmetrical triangle then we can expect a bounce from here.

The Second scenario: In the second scenario we can see that it is making a bearish Flag pattern but currently, it is on the support of the Lower Level of a symmetrical triangle also if it breaks this level with confirmation then we can accept a drop up to 49,400k level.

Let's see how the 4-hour candle closes

Stay tuned