BTC/USDT overview
Good morning guys,
We are back with our Bitcoin overviews. On the pullback, Bitcoin broke the $20,300 trading level, leading the asset to continue its correction. The price movement unfolded around the previously set low and the instrument returned below the dynamic resistance - the exponential moving average EMA 50 4H - which stopped the first upward impulse.
Looking at BTC /USDT and pattern is similar to other!! We have a "Falling Wedge".
What happens next depends on whether buyers can hold bitcoin above 20,300. At the moment, the most likely scenario is that the asset will most likely go to the $19,500 area with the formation of a technical analysis "reversal pattern - Triple Bottom". To confirm the formation, it is necessary to see an increase in Bitcoin purchases in the area of $19,500, in this case the target for the development of the pattern is up to $21,000.
What are your thought about this coin?
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
We are back with our Bitcoin overviews. On the pullback, Bitcoin broke the $20,300 trading level, leading the asset to continue its correction. The price movement unfolded around the previously set low and the instrument returned below the dynamic resistance - the exponential moving average EMA 50 4H - which stopped the first upward impulse.
Looking at BTC /USDT and pattern is similar to other!! We have a "Falling Wedge".
What happens next depends on whether buyers can hold bitcoin above 20,300. At the moment, the most likely scenario is that the asset will most likely go to the $19,500 area with the formation of a technical analysis "reversal pattern - Triple Bottom". To confirm the formation, it is necessary to see an increase in Bitcoin purchases in the area of $19,500, in this case the target for the development of the pattern is up to $21,000.
What are your thought about this coin?
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.