Hello, welcome to this BTC /USDT 4Hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS:-
On a 4hr chart, nothing many changes we can see BTC is still trading inside the triangle pattern and holding the lower trend line support very well.
As we can see here that btc bounced four times from the lower trend line and four times retested also from the upper trend line.
Now, in the current scenario, BTC/USDT needs to break the upper trend line for a short-term bull trend towards the $42k.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS:-
On a 4hr chart, nothing many changes we can see BTC is still trading inside the triangle pattern and holding the lower trend line support very well.
As we can see here that btc bounced four times from the lower trend line and four times retested also from the upper trend line.
Now, in the current scenario, BTC/USDT needs to break the upper trend line for a short-term bull trend towards the $42k.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
Trade active:
CHART ANALYSIS:-
On a 1hr chart nothing much changed, we can see BTC is still trading inside the triangle pattern and holding the lower mid trend line support very well.
In the current scenario, BTC is trading near the upper trend line resistance which BTC must need to brake this triangle pattern for a short-term bullish rally towards the $42k.
For now, we should wait for the confirmation to take any position in BTC OR ANY ALTCOINS.
If BTC breaks the lower mid trend line support then this chart will be invalidated.
On a 1hr chart nothing much changed, we can see BTC is still trading inside the triangle pattern and holding the lower mid trend line support very well.
In the current scenario, BTC is trading near the upper trend line resistance which BTC must need to brake this triangle pattern for a short-term bullish rally towards the $42k.
For now, we should wait for the confirmation to take any position in BTC OR ANY ALTCOINS.
If BTC breaks the lower mid trend line support then this chart will be invalidated.
