Welcome community members in this post I will be going through with BTC/USDT 1D chart analysis.
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As we can see at the above mentioned chart that BTC daily closed at $30050 and holing the support level very well.
Whenever BTC prints oversold on RSI BTC pumps from that price level almost 30%-35% on an average that can be seen from the past price action.
Here, I am expecting a bounce from current level towards $36.5k price level which is almost 23% from the current price level.
Candle close below the support level will be the invalidation of this chart analysis.
NOTE : This is not financial advice. This is for education purpose only. I am not responsible for the profits or loss you generate from your investments.
DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.
Thank you.
