BTCUSDT
Bitcoin support levels -19,000 and 18,600
Bitcoin resistance - 19,400 and 20,000
Trade according to this BTC update. Trade with Money management as per BTC update because market depends upon BTC.
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Analysis
BTC support is at 19,000 and resistance is at 19400- 19500.
BTC closed its daily candle GREEN at 19,262. However weekly candle closing was RED as it was 176 less than its previous closing.
Looking at 1 Hour chart, BTC is above EMA 20/50/100/200, BTC falling to 19170 would have lead to testing of 19000 support. If BTC price breaks 19400-19500 resistance with high buying volume, then 20,000 resistance level will have a higher possibility of testing.
Remember, Currently, a bear market is present and total crypto marketcap is less than $1 trillion. Less marketcap is required to manipulate price so be careful as stop loss are being actively hunted through wicks that's why it is important to manage risk strictly according to mentioned support and resistance levels.
Bitcoin resistance - 19,400 and 20,000
Trade according to this BTC update. Trade with Money management as per BTC update because market depends upon BTC.
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Analysis
BTC support is at 19,000 and resistance is at 19400- 19500.
BTC closed its daily candle GREEN at 19,262. However weekly candle closing was RED as it was 176 less than its previous closing.
Looking at 1 Hour chart, BTC is above EMA 20/50/100/200, BTC falling to 19170 would have lead to testing of 19000 support. If BTC price breaks 19400-19500 resistance with high buying volume, then 20,000 resistance level will have a higher possibility of testing.
Remember, Currently, a bear market is present and total crypto marketcap is less than $1 trillion. Less marketcap is required to manipulate price so be careful as stop loss are being actively hunted through wicks that's why it is important to manage risk strictly according to mentioned support and resistance levels.
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