#Bitcoin Current Update ( Daily Time Frame )

20 oct 2022

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#BTC Update

#BTC is trading inside this descending channel, as long as BTC trades inside the descending channel till that BTC will keep falling, To change the trend reversal ETH needs to break out of this channel.

Support:- 18700$ TO 19000
Resistance:- $20300,$21500,22500

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20 oct 2022

Nota

BTC also makes this descending triangle pattern which is a bearish pattern, To conform to any move we need a breakout or breakdown of this pattern
so it's better to wait for the confirmation

21 oct 2022

Nota

BTC continued its move inside the descending triangle for 143 days and it is getting closer with each tap on support and resistance zone.

Currently, the price is in a contraction phase and a breakout/breakdown with a good volume would happen anytime soon from here.

We've to keep an eye on a sustained breakout/breakdown to play accordingly with proper risk management