Bitcoin
Crypto market update
Pakistan Time: 1:45 PM
Bitcoin support levels $18,500 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - $19,500 and $20,000 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis -
BTC- possible bear trap- watch - rising wedge- could see a move to lower trend lines. Possibly Lowe we high- looking for lower low
The relative strength index (RSI) has entered the oversold zone, as shown in the 4-hour chart above, indicating that sellers are exhausted and buyers are on the horizon.
Next Resistance is near $19,500 from where the bitcoin price will get some rejection and then we will see a drop in the price
Trade carefully and manage your risk between Support/ Resistance and Levels mentioned.
Fundamental Events Pakistan time based
US PPI 5:30 PM
FOMC MEETING MINUTES 11PM
New members/ members who dont have trading experience more than 1 year should NOT trade during 5-6 PM and 10-11:30 PM. During the mentioned time it will be a great learning opportunity. look at what fundamental news will come and how the market will react.
Pakistan Time: 1:45 PM
Bitcoin support levels $18,500 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - $19,500 and $20,000 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
———————————————————————
Analysis -
BTC- possible bear trap- watch - rising wedge- could see a move to lower trend lines. Possibly Lowe we high- looking for lower low
The relative strength index (RSI) has entered the oversold zone, as shown in the 4-hour chart above, indicating that sellers are exhausted and buyers are on the horizon.
Next Resistance is near $19,500 from where the bitcoin price will get some rejection and then we will see a drop in the price
Trade carefully and manage your risk between Support/ Resistance and Levels mentioned.
Fundamental Events Pakistan time based
US PPI 5:30 PM
FOMC MEETING MINUTES 11PM
New members/ members who dont have trading experience more than 1 year should NOT trade during 5-6 PM and 10-11:30 PM. During the mentioned time it will be a great learning opportunity. look at what fundamental news will come and how the market will react.
Penafian
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