BTC/USDT : Hold the or retest 47K's support !

27 Nov 2021

BTCUSDT
Hello everyone 😃
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#BTC just dived to 52K's support after rejecting the 60K's breakout. Now It's moving above the 54K's level and the possible pivot line is standing on 29th November.
Now If we hold the support here, We'll get the bullish momentum thought pivot line and head to 61K's bearish breaker !
There will be two possible scenarios there :
- Break above $61500's level and take hold there, After that we'll plan to target the S/R zone at 63K's level and FIB's target level at 71K.
- Refuse to break above the 61K's level and head back to 52K and 47K's major supports.

In the 2nd scenario, If we lose the 47K's support; It more be likely to have a rejection on 40K's Moon-Line.
However this means that the bull-run might be ended below 47K's support !

🔴 Any hold below 52K will confirm the retest the on 47K and reject the bullish pivotal cross on date zone !

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Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
Helical_Trades