Hello traders, I hope you all are doing well. It's been a while since I was not around posting updates. My apologies for the inconvenience.
Well, the daily open has been quite dramatic where we saw BTC reaching $29.2k and then quickly dropping back to $28k. With the recent price at $28.5k, I am expecting BTC to reach $29.5k followed by a small correction. But as you can see in the cart, there's a slight resistance at $28.6k and BTC needs a candle closing above this resistance to secure the $29.5k rally.
On the other hand, if BTC remains below the resistance level then we can expect some correction from the current price.
Note: This update is based on 2 hours timeframe so it is recommended for scalping or short-term trade. In a higher timeframe, BTC is yet to reach the $31k resistance.
I hope this hourly update was helpful to you. Thank you for reading and trade safely.
Well, the daily open has been quite dramatic where we saw BTC reaching $29.2k and then quickly dropping back to $28k. With the recent price at $28.5k, I am expecting BTC to reach $29.5k followed by a small correction. But as you can see in the cart, there's a slight resistance at $28.6k and BTC needs a candle closing above this resistance to secure the $29.5k rally.
On the other hand, if BTC remains below the resistance level then we can expect some correction from the current price.
Note: This update is based on 2 hours timeframe so it is recommended for scalping or short-term trade. In a higher timeframe, BTC is yet to reach the $31k resistance.
I hope this hourly update was helpful to you. Thank you for reading and trade safely.
I hope you guys followed my update and are saved with your valuable funds.
What's next??
BTC can possibly reach close to $27k and then bounce back. Rejection below the $27k support will be a whole different story.
Trade safely.