Hello Dear Traders,
in last post i discussed about impact of dxy getting strong, and due to that bitcoin and other forex currency is going into correction.
also i mentioned tht btc has strong demand zone at 30-32k area. bt yesterday btc found local demand zone at 34k also lower trendline was giving support.
after long time btc is forming a triangle pattern on chart. whenever btc starts trading in triangle we can assume tht for next few days price will be ranging and sideways.
this triangle pattern also indicates tht soon btc is going to give a massive triangle breakout or breakdown.
Every rise on btc is greeting shorted. if btc breaks lower trendline then we will see btc trading below 30k again.
alts are performing very good, coins like dot, avax went 3x. on weekly time frame alts just turned strong green and have great scope to rise.
in last post i discussed about impact of dxy getting strong, and due to that bitcoin and other forex currency is going into correction.
also i mentioned tht btc has strong demand zone at 30-32k area. bt yesterday btc found local demand zone at 34k also lower trendline was giving support.
after long time btc is forming a triangle pattern on chart. whenever btc starts trading in triangle we can assume tht for next few days price will be ranging and sideways.
this triangle pattern also indicates tht soon btc is going to give a massive triangle breakout or breakdown.
Every rise on btc is greeting shorted. if btc breaks lower trendline then we will see btc trading below 30k again.
alts are performing very good, coins like dot, avax went 3x. on weekly time frame alts just turned strong green and have great scope to rise.
