Bitcoin / TetherUpdated BTC short analysis
I will carry out a short analysis on current BTC trending. W-shape is formed around support zone 8000-7800, so i really hope for a strong bounce from this area. However, due to the relatively low volume (as now the lunar new year is coming and many negative news relating to BTC, miners, etc.), a recover to 10200-1000 is much more practical.
However, it should break out previous support levels (now resistance levels) such as 8500-8400, 9000 and 9400 before the next move.
I will update my analysis tomorrow when today final candle is closed.
Thank you for support!
However, it should break out previous support levels (now resistance levels) such as 8500-8400, 9000 and 9400 before the next move.
I will update my analysis tomorrow when today final candle is closed.
Thank you for support!
Note
If this post reaches 50 likes. I will re-update.Thank you!
Note
I re-updated my analysis on my latest post. Please follow me and get updated with new update!
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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.