Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As I mentioned in my previous BTC chart that BTC will bounce from the $36500 support level and it bounced.
now, we are having $38000 and this blue line as resistance.
The first scenario- If BTC break and close outside this upper resistance of this bullish expanding Triangle then we can accept A bounce up to 40k.
The second scenario- If BTC got rejected from the upper resistance level of this expanding Triangle then we can accept a drop up to $35500. Let's wait and see how the market reacts in a few hours.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As I mentioned in my previous BTC chart that BTC will bounce from the $36500 support level and it bounced.
now, we are having $38000 and this blue line as resistance.
The first scenario- If BTC break and close outside this upper resistance of this bullish expanding Triangle then we can accept A bounce up to 40k.
The second scenario- If BTC got rejected from the upper resistance level of this expanding Triangle then we can accept a drop up to $35500. Let's wait and see how the market reacts in a few hours.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
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We have some local resistance of 21MA and 100MA let's see price can hold the MA or not.