Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see in the above-mentioned chart that BTC broke the channel pattern after a sweet break and retest of an inverse HEAD & SHOULDER pattern.
After brake out BTC bounced almost 6% from the neckline of the inverse HEAD & SHOULDER pattern c currently BTC is trading above the blue MA and also a s support of the upper trend line.
Now, BTC needs to hold this upper trend line support to move upside. But candle close below will again lead BTC towards the lowest price levels.
IMO, the market is still not stable and is way too volatile, be cautious to preserve your funds which is our main duty of ourselves in these uncertain market conditions, and keep your stop loss tight if you are holding any position.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see in the above-mentioned chart that BTC broke the channel pattern after a sweet break and retest of an inverse HEAD & SHOULDER pattern.
After brake out BTC bounced almost 6% from the neckline of the inverse HEAD & SHOULDER pattern c currently BTC is trading above the blue MA and also a s support of the upper trend line.
Now, BTC needs to hold this upper trend line support to move upside. But candle close below will again lead BTC towards the lowest price levels.
IMO, the market is still not stable and is way too volatile, be cautious to preserve your funds which is our main duty of ourselves in these uncertain market conditions, and keep your stop loss tight if you are holding any position.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
