Hello, community members welcome to this BTC/USDT 1hr chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update regularly.
Now, Let's get to the chart,
As we can see from the above-mentioned chart that BTC/USDT is currently trading inside a triangle pattern on a lower trend line with the support of a blue MA.
According to the current scenario, if BTC holds the MA support at the price level of $29800 then we will be able to see a short-term pump towards the $31k price level.
If BTC breaks the upper trend line then BTC will move upside and will become bullish for the short term towards the $33k
INVALIDATION: candle close below the lower trend line support in the hourly time frame will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update regularly.
Now, Let's get to the chart,
As we can see from the above-mentioned chart that BTC/USDT is currently trading inside a triangle pattern on a lower trend line with the support of a blue MA.
According to the current scenario, if BTC holds the MA support at the price level of $29800 then we will be able to see a short-term pump towards the $31k price level.
If BTC breaks the upper trend line then BTC will move upside and will become bullish for the short term towards the $33k
INVALIDATION: candle close below the lower trend line support in the hourly time frame will be the invalidation point of this chart analysis.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
