Yesterday BTC aims towards local support ( orange line). After trying to attempt this support area we started seeing a nice uptrend.
Scenario 1 👉 Currently you can see BTC is forming this small rising wedge towards new ATH major resistance area. the 24 - 24300 area. This resistance area marks a critical resistance target. If we close above 24300, we can expect to see a trend towards that channel resistance. (red line)
Scenario 2 👉 If we see heavy rejection from this area, we can expect to see a break in the rising wedge. Which will lead us towards next local support zone(orange line.)
If support can not hold at the 22300 area 20,500 support would be next target.
📣 BTC is very volatile and coins are getting moved around exchanges. Entering only after confirmation of rejection at resistance or break in resistance would be your best option.
Get updates on full trade and setup !
👇👇
Scenario 1 👉 Currently you can see BTC is forming this small rising wedge towards new ATH major resistance area. the 24 - 24300 area. This resistance area marks a critical resistance target. If we close above 24300, we can expect to see a trend towards that channel resistance. (red line)
Scenario 2 👉 If we see heavy rejection from this area, we can expect to see a break in the rising wedge. Which will lead us towards next local support zone(orange line.)
If support can not hold at the 22300 area 20,500 support would be next target.
📣 BTC is very volatile and coins are getting moved around exchanges. Entering only after confirmation of rejection at resistance or break in resistance would be your best option.
Get updates on full trade and setup !
👇👇
