Hello, traders welcome to another BTC/USDT chart update.
As we can see at the above mentioned chart that BTC is trading at resistance level inside the huge parallel Chanel .
Here we can witness that BTC broke and retested the triangle pattern inside the parallel channel and pumped almost 5.5% from the retest zone.
At the current scenario BTC needs to break and close above the upper trend line resistance in lower trend to rally towards the price level of $33k.
Rejection from the current level will again lead down towards the price level of $29600.
Most of the ALT coins are forming triangle pattern breakout but IMO, we should keep our stop losses tight at this market point.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
As we can see at the above mentioned chart that BTC is trading at resistance level inside the huge parallel Chanel .
Here we can witness that BTC broke and retested the triangle pattern inside the parallel channel and pumped almost 5.5% from the retest zone.
At the current scenario BTC needs to break and close above the upper trend line resistance in lower trend to rally towards the price level of $33k.
Rejection from the current level will again lead down towards the price level of $29600.
Most of the ALT coins are forming triangle pattern breakout but IMO, we should keep our stop losses tight at this market point.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
