Hello, community members welcome to this BTC/USDT daily chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
Nothing much has changed yet in this daily time frame.
As we can see from the chart as mentioned earlier that BTC/USDT still trading above the lower trend line with strong support.
BTC holding the 0.618 FIB LEVEL well and good.
Still, RSI also prints a bullish divergence pattern and bounces on a trend line support just line before mentioned in the chart.
MACD also printed a bullish crossover and green bars.
BTC needs a candle close above the price level of $32k then we will be able to see more green candles towards the $34k level in the upcoming days.
INVALIDATION: candle close below the lower trend line support in the daily time frame will be the invalidation point of this chart analysis.
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.
Thank you.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.
Now, Let's get to the chart,
Nothing much has changed yet in this daily time frame.
As we can see from the chart as mentioned earlier that BTC/USDT still trading above the lower trend line with strong support.
BTC holding the 0.618 FIB LEVEL well and good.
Still, RSI also prints a bullish divergence pattern and bounces on a trend line support just line before mentioned in the chart.
MACD also printed a bullish crossover and green bars.
BTC needs a candle close above the price level of $32k then we will be able to see more green candles towards the $34k level in the upcoming days.
INVALIDATION: candle close below the lower trend line support in the daily time frame will be the invalidation point of this chart analysis.
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.
Thank you.
