Hello, traders welcome to another BTC/USDT chart update.
It is clearly can observe that BTC is currently following the wick-off theory.
Here we can see that BTC was again unable to sustain the price level of $30400 and got rejected from the mid dotted trend line resistance.
BTC again left a wick after dropping to the price level of $29300. BTC needs to close...
Hi traders!
All of us were a bit shocked by the BTC price action. Frankly speaking, we didn’t expect such rapid price fall. Nevertheless, we find it kinda normal. Come on, it’s crypto! Any trader should be ready for the worst, you know. But, if we tell you that this price action is kinda normal thing and we have already seen such fells in past?
As you know,...
8400 - weak support. possible to bounce since RSI 30-70 was oversold already.
6200 - Here we can say a big chance of bouncing. Possible it will reach RSI 20-80 as oversold.
3800 - if this one will break. Better to sell your BTC and buy on lower value. It will dive deeper.
-For my PERSONAL reference and interpretation.
Only strong will survive. Weak will fall
