CoreCrypto1

BTC QUICK UPDATE! BULL TRAP?

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello everyone, if you like the idea, do not forget to support with a like and follow.

Welcome to this quick BTC update.

BTC is going good so far. It is breaking out from the inverse head and shoulder pattern. But the real concern here is the volume. Volume is continuously decreasing and price is going up which is not a good sign for the market.

Market is in overbought condition. We might see some correction from here.

Strong support for BTC is at $19,800-$20,200 level.

What do you think about this?
Do you think we see a correction from here or do you think that we see more pump?
Share your views in the comment section.

If you like this idea then do support it with like and follow.

Thank You!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.