TradingView
CRYPTOMOJO_TA
Oct 20, 2022 6:50 AM

#Bitcoin Current Update ( Daily Time Frame )  

Bitcoin / TetherUSBinance

Description

Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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 Update

#BTC is trading inside this descending channel, as long as BTC trades inside the descending channel till that BTC will keep falling, To change the trend reversal ETH needs to break out of this channel.

Support:- 18700$ TO 19000
Resistance:- $20300,$21500,22500

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 you

Comment


BTC also makes this descending triangle pattern which is a bearish pattern, To conform to any move we need a breakout or breakdown of this pattern
so it's better to wait for the confirmation

Comment


BTC continued its move inside the descending triangle for 143 days and it is getting closer with each tap on support and resistance zone.

Currently, the price is in a contraction phase and a breakout/breakdown with a good volume would happen anytime soon from here.

We've to keep an eye on a sustained breakout/breakdown to play accordingly with proper risk management
Comments
SwallowPremium
Thanks for your post. I wish you good luck with your trades!)
CRYPTOMOJO_TA
@SwallowPremium, Thanks mate
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