So here's the latest update on Bitcoin from tychelab.com
As mentioned in the previous update, we did reached the 4.8-5k region (even overshoot our targets) with the reasonings given by us properly. Hope you liked that update and got an insight of how market makers mould this market.
Coming back to the current situation, we believe that it's going downtown from...
We are doing Analysis of BTCUSDT on 4 Hour Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Not Much change from Last Post , Kissed Our Support zone and came back in Consolidating Zone Again
BITCOIN is consolidating in range from last 10 days ,marked in blue box
Looking at the chart,
The way I see it, BTCUSD has complete 1 move upside , marked as A , and now trading sideways at B corrective wave . hence we can have wave c upside ?
Price is below...
As stated in the previous article last week, if the resistance level $4200+ is not broken then we would hit the price around $3500 range.Hence it tested the $3478 price level after a drop of 15% this week.
It needs to hold the $3400-$3500 support level and break the $4200 level in the coming days to confirm bullish momentum otherwise we might see...