ShawnMCR

BTC - Trade setup (Update)

BINANCE:BTCUSDT   Bitcoin / TetherUS
BItcoin looks bullish now but it just hit a resistance. Although it's not a strong resistance, there is a chance of dropping back down for support.
There's also the possibility of breaking this resistance after a short time and going for 43K-44K prices, But then it's definitely going to drop to the 30Ks area.
So to sum it up, we will see a big drop, it's just the matter of how strong this or the 43K's resistance will be.

Current Market Price: $39800

Good Luck
Tell me your ideas. Like and Share

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.