Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. My last scenario got invalidated because BTC 4hr candle close above the $19.5k level. Currently, it is trading above the $20.3k level.
According to the chart, BTC is breaking out from the falling wedge-like structure and currently facing some resistance at the $20.5k level. IMO, for a successful upside movement, BTC must retest the $19.5k level from here and get a strong bounce from there.
If it again closes below the $19.5k level then this bullish scenario will be invalidated.
As of now, I'm waiting for a perfect retest to take some long positions.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC update. My last scenario got invalidated because BTC 4hr candle close above the $19.5k level. Currently, it is trading above the $20.3k level.
According to the chart, BTC is breaking out from the falling wedge-like structure and currently facing some resistance at the $20.5k level. IMO, for a successful upside movement, BTC must retest the $19.5k level from here and get a strong bounce from there.
If it again closes below the $19.5k level then this bullish scenario will be invalidated.
As of now, I'm waiting for a perfect retest to take some long positions.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!