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I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
In a higher timeframe, BTC is making this ascending triangle pattern now it is lying on the support of 48.8k level.
First scenario: In this scenario, we have a higher chance that BTC can Bounce from here up to 45k how the market reacts in a few hours.
Second scenario: If BTC break this 48.8k level then we have this download support Level of this ascending Triangle
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
In a higher timeframe, BTC is making this ascending triangle pattern now it is lying on the support of 48.8k level.
First scenario: In this scenario, we have a higher chance that BTC can Bounce from here up to 45k how the market reacts in a few hours.
Second scenario: If BTC break this 48.8k level then we have this download support Level of this ascending Triangle
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
It is currently above its support, MACD crossover is showing bearish momentum. RSI just entered the oversold region. We can expect a bounce from the current support. If we see a sustained breakdown then this would be a bearish sign.