#BTC/USDT 2HOUR UPDATE !!
Hello, dear traders welcome you to this BTC/USDT 2HOUR chart analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello dear traders, If you find our charts helpful then support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
CHART ANALYSIS: In my previous BTC post, I showed you that BTC is forming an inverse head & shoulder pattern and we got the breakout but it didn't go according to the pattern. This is just because everyone is talking about the same pattern ( Inverse H&S ) and market makers never want that more than 90% of people are right so they manipulate the price action. So we have to be extra cautious at this time.
Now let's get to the chart.
BTC is forming a rising wedge-like pattern in 4hr time frame. The direction of the breakout will decide the next move of BTC. If BTC breaks out (Break and close above 31.5k) from this wedge then our target is 35k or if BTC breaks down (Break and close below 29.5k) from this wedge then our target should be 26k
Let's wait for the breakout or breakdown then we will decide our next move.
What do you think about this?
Do you think we go to 35k from here or 26k?
Share your views in the comment section.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
I have tried my best to bring the best possible outcome in this chart.
Hello dear traders, If you find our charts helpful then support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
CHART ANALYSIS: In my previous BTC post, I showed you that BTC is forming an inverse head & shoulder pattern and we got the breakout but it didn't go according to the pattern. This is just because everyone is talking about the same pattern ( Inverse H&S ) and market makers never want that more than 90% of people are right so they manipulate the price action. So we have to be extra cautious at this time.
Now let's get to the chart.
BTC is forming a rising wedge-like pattern in 4hr time frame. The direction of the breakout will decide the next move of BTC. If BTC breaks out (Break and close above 31.5k) from this wedge then our target is 35k or if BTC breaks down (Break and close below 29.5k) from this wedge then our target should be 26k
Let's wait for the breakout or breakdown then we will decide our next move.
What do you think about this?
Do you think we go to 35k from here or 26k?
Share your views in the comment section.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
Related publications
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.