BTC seems to be trading in a very large descending triangle as it found support at a previous support level. However you can also say it is struggling with resistance at the 32 000 dollar area which lines up perfectly with the 200MA on the 4hr Time Frame. We can see BTC overcome this however and we will start looking for short opportunities at the upper trend line if it seems to be acting as resistance again. If this support that BTC is trading on doesn't hold then we can see BTC trade as low as 24 000 dollars or even back to 20 000 dollars.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.