BTC UPDATE! STILL WE ARE NOT OUT OF THE WOODS!!

2022년 2월 1일

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Welcome to this BTC/USDT update. My previous chart got invalidated. I told you to a drop in BTC to 30k but it didn't happen. Although after the update BTC made a drop of almost 1K so now BTC is taking nice reversal since yesterday and holds the support of $36,600 and bouncing nicely.

Let's go to the chart first. According to 3 days chart I'm not fully bullish until and unless BTC breaks and holds above $40,500 imp resistance level. According to this 3D chart I'm expecting two scenarios from here:-

Bullish scenario:- If BTC breaks and hold above 40.5k then be ready for a new bullish wave.

Bearish scenario:- If BTC unable to break this resistance zone then we might test a new low of BTC.

As of now I'm neutral on this chart and I'm extra cautious till then BTC is moving in 38.5k-40k range. Do not trade without stop loss.

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