BTCUSDT - Rising channel. No one knows what will happen.
If it breaks at the top of the channel, the next target is 58K.
If it breaks bottom we might test 52K and also 50K retest is possible. Anything below 50K will be a concern
Supports (green lines) and resistances (red lines) indicated. Thick lines are key levels. Blue lines indicate direction only and not representative of timelines
Let's follow price action and adapt our plans based on the supports and resistance indicated.
Always follow risk management. BTC can be volatile. We have seen quite a few flash-crashes off late.
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If it breaks at the top of the channel, the next target is 58K.
If it breaks bottom we might test 52K and also 50K retest is possible. Anything below 50K will be a concern
Supports (green lines) and resistances (red lines) indicated. Thick lines are key levels. Blue lines indicate direction only and not representative of timelines
Let's follow price action and adapt our plans based on the supports and resistance indicated.
Always follow risk management. BTC can be volatile. We have seen quite a few flash-crashes off late.
-------------------------------------------------------------------------------------------
If you like this idea:
1) Please follow me for more content
2) Give this idea a like so that Trading View algorithms can take this idea to more users.
-------------------------------------------------------------------------------------------
If you have comments both for and against the idea:
1) Let's exchange ideas in the comments
2) Discussions can help the community as a whole and also helps me learn a lot
Thanks