BTC/USDT : next movements

11 dic 2020

BTCUSDT
Hello everyone 😃

BTC has formed a EMAs rejection pattern ( I made this name by my self 😂 ).
Now BTC rejected EMA200 on 3H timeframe and now its going for EMA200 on 4H timeframe, Also BTC reject neutral zone.
So In next candles, we might see another rejection on EMA200 and some ranging candles below it.
After that, most possible movement is to retest support zone on 16500$.

📍 We have another Support zone 17250$, it could hold BTC price and pullback to neutral zone.
📍 EMA200 on 6H timeframe is reaching 16750$ and Also we have a support line there !

🔴 RSI is in oversell zone limit, we have a convergence on it and it could make a bounce on BTC , By the way in 4H timeframe we are still in neutral zone.
So pullback from current EMA is possible !!

Attention : this is not a financial advise we just try to help people on their own vision.

HAVE A GOOD DAY
- Helical_Trades