Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this BTC update. My previous BTC update is going perfectly. I told you that BTC must hold the $20k support and bounce from there and we got a nice move up to the $21.5k level. So what's next?
Currently, BTC is trading at around the $21.2k level. If BTC goes lower from here then the first level to hold for BTC is at around the $21k level. If BTC holds the $21k level and bounces then we have a higher chance to go up to $22k-$22.5k by next week.
If BTC breaks below $21k and goes back again inside the channel then we have first support around the $20.5k level and second support at the $20k level.
As long as it holds above $21k then no need to worry it's a healthy and normal correction. Break and closing below $21k will be bad for us.
Also, it is forming a bull flag in LTF. Let's this pattern is played out or not. Waiting for a breakout of the flag.
Hope this analysis clears all your doubts regarding BTC. If you like this idea then do show your support by hitting the like button.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC update. My previous BTC update is going perfectly. I told you that BTC must hold the $20k support and bounce from there and we got a nice move up to the $21.5k level. So what's next?
Currently, BTC is trading at around the $21.2k level. If BTC goes lower from here then the first level to hold for BTC is at around the $21k level. If BTC holds the $21k level and bounces then we have a higher chance to go up to $22k-$22.5k by next week.
If BTC breaks below $21k and goes back again inside the channel then we have first support around the $20.5k level and second support at the $20k level.
As long as it holds above $21k then no need to worry it's a healthy and normal correction. Break and closing below $21k will be bad for us.
Also, it is forming a bull flag in LTF. Let's this pattern is played out or not. Waiting for a breakout of the flag.
Hope this analysis clears all your doubts regarding BTC. If you like this idea then do show your support by hitting the like button.
Also, share your views in the comment section.
Thank You!
