Hello, community members welcome to this BTC/USDT 1day chart update.
As we can see BTC was unable to hold both the lower trend line support in a daily time frame.
Currently, BTC is trading around $27k and BTC is trading inside of descending channel pattern inside the bigger channel.
Now, if we consider the wicks then we found that BTC left a wick from the lower trend line support of descending channel and made a low of $26700.
18hrs left for a daily close BTC must need to hold this descending channel lower trend line support and close above.
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 OWN RESEARCH BEFORE TAKING ANY TRADES.
If you find this update helpful hit the like button and follow.
Thank you.
As we can see BTC was unable to hold both the lower trend line support in a daily time frame.
Currently, BTC is trading around $27k and BTC is trading inside of descending channel pattern inside the bigger channel.
Now, if we consider the wicks then we found that BTC left a wick from the lower trend line support of descending channel and made a low of $26700.
18hrs left for a daily close BTC must need to hold this descending channel lower trend line support and close above.
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 OWN RESEARCH BEFORE TAKING ANY TRADES.
If you find this update helpful hit the like button and follow.
Thank you.
