BTC/USDT : 1D TF
The price action of yesterday has shown clear bearish formation on BTC chart but before going further down I'm expecting little pullback till my POI rectangle box. We are also below 50 EMA and approaching towards the bottom of parallel channel for forming next LL(Lower Low).
Now coming to the invalidation part : If there will be a 4hr candle closure above 27200, This move will be invalidated and we need to reevaluate the things again.
Stay tuned with us for such updates.
#BTC #charts #crypto #technicalanalysis #future #prediction
The price action of yesterday has shown clear bearish formation on BTC chart but before going further down I'm expecting little pullback till my POI rectangle box. We are also below 50 EMA and approaching towards the bottom of parallel channel for forming next LL(Lower Low).
Now coming to the invalidation part : If there will be a 4hr candle closure above 27200, This move will be invalidated and we need to reevaluate the things again.
Stay tuned with us for such updates.
#BTC #charts #crypto #technicalanalysis #future #prediction