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Welcome to this quick BTC update.
BTC gives a huge rally in Q1 of 2023. It pumps almost 100% from the bottom. In HTF we have a strong resistance at the $29k-$32k level.
According to this chart, BTC formed a parallel channel in a 4hr time frame and currently trading at the upper boundary of the channel. Expecting a rejection from here.
Invalidation:- If the 4hr candle closes above the channel then this bearish scenario will be invalidated.
What do you think about this?|
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this quick BTC update.
BTC gives a huge rally in Q1 of 2023. It pumps almost 100% from the bottom. In HTF we have a strong resistance at the $29k-$32k level.
According to this chart, BTC formed a parallel channel in a 4hr time frame and currently trading at the upper boundary of the channel. Expecting a rejection from here.
Invalidation:- If the 4hr candle closes above the channel then this bearish scenario will be invalidated.
What do you think about this?|
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
