Get started
RektMeHard

BTC pullback from trend line, what to expect?

Long
Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)  
RektMeHard Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns
2
1
trendanalysis chartpattern
BTCUSDT.P

BTC got a pullback from the trendline. It seems like buyers are planning to buy on the dip and looking for any major support zone or trend line. Since mostly whales buy in blocks to maintain the market stability, we can expect a sideways market for a few days.

If this trend line support fails, we can expect a huge pump at the support level.
Comment:
Trendline support failed and we saw a huge dump as expected... price should dump a little after trapping retailers and pump near major support 1.
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.