BTC/USDT (Descending Channel Breakout)

💎Technical Analysis Summary💎


BTC/USDT

-Bitcoin finally broke out the midterm descending channel
-The bulls also manages to overcome the resistance at the 40k dollars zone
-This is a good sign in terms of price action for this month of February
-If we are looking for a potential new support area is somewhere near 40k level
-Many Altcoins are starting to print a good potential move in the coming weeks
-I will start updating my watchlist and wait for a good entry zone
-But still, risk management is very important and I will continue to allocate a small % only
-Congrats to those who entered on BTC and Altcoins that have performed well




Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉


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