Welcome to the quick update of BTCUSDT. It is moving in a downtrend since 28th March. As of now, it is oscillating in the range of 39k to 43k. In a shorter timeframe, it is making a W pattern where we may soon see a bounce to 41k. As of now, the price is 39300, and we expect it to take a bounce from here and reach 41000 then 43000 which is the major resistance.
If BTCUSDT goes further down i.e. breaks the support of 39200, we may soon see 38000 which will bring a blood bath in all the altcoins. As of now, it's a no-trade zone for me, lets's see how this pans out. Please save your capital and wait for the confirmation to take new trades.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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Follow my new update: BTCUSDT : SHOULD YOU BE WORRIED ??
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As expected, BTC dropped to 38k, and all altcoins are bleeding 10-15%. I warned you earlier and I hope you are safe.
Let's wait for the confirmation and see how BTC reacts to the market.
It's BULLS vs BEARS now !!
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BTCUSDT managed to stay above 40k by day close. It touched 40800 as expected in the chart. Its currently retesting the support before making a move further upwards.
@BlackBirdTrading, As expected, BTC broke 39300 and tested 38620. Its again retesting the support turned resistance of 39300 and may again take a dump. Be safe with your positions and wait for the right confirmation to make any trades.
ScramblerG
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After bouncing a bit until 40k, BTC again touched 39300 i.e. the major support as of now. It took a bounce from there and is currently trading at around 39800. Lets see how it pans throughout the day. Lets wait for the confirmation and wait for the right moment to take any trades.