Bitcoin / TetherUSUpdated Bitcoin update
Considering long term view in respect to 3days chart, we can deduce that price is moving in a potential rising wedge formation. This setup will be confirmed, if the current support at 29k holds.
The current support zone is directly on 23% fib retracement level from the MARCH 2020 low and strongly supported with the Trendline and this level should hold with immediate resistance level at 46k-50k zone.
From my previous BTC view, I have almost same idea in term of wave perspectives.
More update will follow soon.
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Price break immediate resistance zoneTrade active
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.