#BTC: The bottom is in!🥶

16 oct 2022

Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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 to this chart, Do not consider financial advice.

BTC UPDATE
As Per chart #BTC is currently trading in Descending Triangle in Daily Chart which is a bearish pattern.

Now Two Scenarios:-

Scenario 1:- if BTC breakout Upward $20600 and the Daily candle closes above then We can see a 54% Upward move toward $31800

Scenario 2:- If BTC failed to Hold Recently Bottom or Support Level $18000 then we can see $12000-$13000 Level.

So Watch closely and trade.

Support:- $12800
Resistance:- $20600/$25000/$31800

I know everyone is talking about this descending triangle pattern, but IMO BTC Will Surprise us As It Did Before The Start Of the bull run on July 2O21

Stay tuned

Stay tuned and don’t forget to like this chart.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.

Thank you