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Welcome to this BTC update.
BTC is in correction stage after the rejecting from $24k resistance level. So now the question is that this correction is over?
Well, I don't think so. This move is looks like a retest to me. Until and unless BTC did not give a close above $23,400 things are uncertain. I'm still expecting BTC to hit $21.5k level and after that we get a good bounce.
Next week on 26th-27th we have a FOMC meeting so we might see some fake outs or fake downs so stay cautious. Also, tomorrow is weekly close. Let's see how we get a weekly close.
If you want to open a long position then set your limits between $21k-$21.5k level with the SL of $20.8k
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to this BTC update.
BTC is in correction stage after the rejecting from $24k resistance level. So now the question is that this correction is over?
Well, I don't think so. This move is looks like a retest to me. Until and unless BTC did not give a close above $23,400 things are uncertain. I'm still expecting BTC to hit $21.5k level and after that we get a good bounce.
Next week on 26th-27th we have a FOMC meeting so we might see some fake outs or fake downs so stay cautious. Also, tomorrow is weekly close. Let's see how we get a weekly close.
If you want to open a long position then set your limits between $21k-$21.5k level with the SL of $20.8k
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
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