Hello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
Here I mentioned two different time frame charts of BTC/USDT to show how BTC can move in upcoming days.
SCENARIO: 1
We can see BTC is trading inside a channel and moving down to the strong lower trend line support.
I am expecting a bounce from the lower trend line all the way towards the upper trend line because whenever BTC touches the lower trend line it bounces almost 30% - 32%.
If it breaks down the lower trend line then this chart will be invalidated.
SCENARIO: 2
As we can see in a 1-week time frame BTC is trading inside a channel pattern and moving down towards the lower trend line or support zone.
According to the chart whenever BTC moves down and touches the lower trend line it gains almost 50%.
SO, I am expecting a bounce from here towards the upper trend line.
If btc breaks the lower trend line then this chart will be invalidated.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
Here I mentioned two different time frame charts of BTC/USDT to show how BTC can move in upcoming days.
SCENARIO: 1
We can see BTC is trading inside a channel and moving down to the strong lower trend line support.
I am expecting a bounce from the lower trend line all the way towards the upper trend line because whenever BTC touches the lower trend line it bounces almost 30% - 32%.
If it breaks down the lower trend line then this chart will be invalidated.
SCENARIO: 2
As we can see in a 1-week time frame BTC is trading inside a channel pattern and moving down towards the lower trend line or support zone.
According to the chart whenever BTC moves down and touches the lower trend line it gains almost 50%.
SO, I am expecting a bounce from here towards the upper trend line.
If btc breaks the lower trend line then this chart will be invalidated.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you.
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