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PolarHusk
Nov 23, 2021 8:29 PM

BTC/USDT (55k Area Potential Support?) 

Bitcoin / TetherUSBinance

Description

💎Technical Analysis Summary💎


BTC/USDT

-Bitcoin may have reacted bullishly just above the Fib 0.5 level
-This zone is a confluence of mini S/R flip last October 13 trading
-I have plotted a potential descending channel coming from the swing top
-If BTC forms any bullish reversal pattern within this bullish Fib area
-In the coming days or weeks, we can expect the uptrend is not yet over
-And the altcoins will also rally up again considering the BTC Dominance value is decreasing
-For now, I have not opened any swing position as I'm waiting for a better market condition
-Any bullish setups for Altcoins will reduce its accuracy if the overall space is bad
-I hope you guys are also taking this oppurtunity to study and relax a bit
-The market always moves in circles so there is unlimited opportunity
-So we just have to sit back and enjoy the process




⚠️Please always read the description⚠️

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If you need help🙋 don't hesitate to
Send me a message here PolarHusk😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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Comments
AtlasTrades
I agree with your opinion, thx
YMGroup
thanks for sharing your great idea
PolarHusk
@YMGroup, thanks!
JustTradeSignals
MadWhale
nice one
thx mate
🌹👌
Professional_Crypto_Analytics
Visit us too ; )
Professional_Crypto_Analytics
Very good !!

Thanx for sharing ; )
MMBTtrader
agree thanks for update
Saeed-sheikh
I agree with you my friend, as always great :)
HODLtheSqueeze
Thinking its gonna drop to the 0.618 ~50,800 area. One will see! Thanks for the info
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