BITCOIN: HERE WE GO!

٩ أكتوبر ٢٠٢٢

Hello traders, I hope your weekend is going well. Here's a quick update on BTC.

Timeframe: 4 hours.

Preview: Previously, we discussed the 19.4k support level and the possible bounce back but we saw the price moving a bit more downward.

Update: In this 4 hours chart, we can see that BTC holds a good support level at 19.2k and can literally see it bouncing back. Now, I am not expecting a massive rally on BTC (per the bearish situation) but at least a rally toward 19.8k to 20k would be great.

Conclusion: As per the market scenario, A rally toward 20k awaits for BTC. For now, I am long on BTC with SL below 19k. If BTC breaks down and closes below the trendline then I am gonna open a short position once again.

That's it from my end. I hope this idea is helpful for you.

Thank you for all your support.

Trade safely.