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#BTC/USDT ANALYSIS
BTC is retesting over the descending channel and trading above the Ichimoku cloud. Volume is going in favor of bulls, as we can see in the current wave that bulls are still dominating.
BTC is taking a correction to balance the wave structure, and a strong bullish rally is expected just after the completion of the corrective wave.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank youvel of $21300.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC/USDT ANALYSIS
BTC is retesting over the descending channel and trading above the Ichimoku cloud. Volume is going in favor of bulls, as we can see in the current wave that bulls are still dominating.
BTC is taking a correction to balance the wave structure, and a strong bullish rally is expected just after the completion of the corrective wave.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank youvel of $21300.
BTC bounced from the horizontal support after forming a bullish divergence. It breakout $22K resistance with a candle close above it.
At present, it is facing descending trendline. MACD crossover is showing bullish momentum. A successful breakout of the descending trendline would confirm the bullish direction in the market.