BTC SHORTER TIME FRAME UPDATE
Diupdate
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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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 in this chart, Do not consider it is financial advice.
During this week Bitcoin managed to break over 42,500 which was the first critical resistance area.
Apparently, the price is moving within a rising channel and that is it
indicating that buyers and sellers are paying close attention to price
development because the bearish / bullish breakout can happen very soon.
If the price will break down of the channel, we can see it drop back to 37,500.
Let's how the daily candle closes.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Do 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 in this chart, Do not consider it is financial advice.
During this week Bitcoin managed to break over 42,500 which was the first critical resistance area.
Apparently, the price is moving within a rising channel and that is it
indicating that buyers and sellers are paying close attention to price
development because the bearish / bullish breakout can happen very soon.
If the price will break down of the channel, we can see it drop back to 37,500.
Let's how the daily candle closes.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Catatan
BTC UPDATE:- BTC looks good in 1hr time frame. Currently trading around 43k. Making a bull flag like structure and breakout & retest is done already. Looks ready to go 45kAll we need is to hold above
42K and we will see 45k soon. Send it to 45k
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