BTC: update 1.1

21 Mar 2021

Quick update on where BTC is at

• BTC is currently in an ascending channel - zoom out for main channel.
  
• Red line: short term resistance keeping highs lower
  
• Green line: short term support
  
• Orange line: main support
  
• RSI still okay - if it drops below 30 we might see a big reversal
  
• 52K main support - if it price drops below we might go towards the the 48K
  
• Weekend volume = retail - market open will determine where BTC will be headed.
  
• If you are looking into ALT coins, do not try to chase sudden pumps - FOMO will make you lose money. A deep BTC drop will most likely decimate the majority of the market.
  

Trading right now is risky, we have seen many longs and shorts liquidated.

Nobody really knows where BTC will be headed currently, TA right now does not provide much.

Try to wait until market open and take it from there.

Good luck!