#BTC/USD Quick Update
📊 4H-Frame 📉 S & R 📈 Chart Update
#Bitcoin exactly has followed our 2'nd scenario (Dotted arrow) till now and currently is trading around the 20000$ range.
Actually, it is consolidating inside a rectangular zone for the past few days by going low to our current bottom @ 19500$ (lower support zone) and bouncing up to our current top 20600$ (Upper resistance zone). We saw a nice bounce from our support yesterday and now we can see it is breaking the falling wedge pattern at 4H-Frame.
If we can break out of the upper resistance zone and closes above there, then that is a bullish sign for us (High Probability). Otherwise, if it breaks down the lower support zone and closes below there, then that is a bearish sign for us.
The next days will be crucial for Bitcoin's short-term future.
Stay tuned everyone! Good trades are upcoming.
📊 4H-Frame 📉 S & R 📈 Chart Update
#Bitcoin exactly has followed our 2'nd scenario (Dotted arrow) till now and currently is trading around the 20000$ range.
Actually, it is consolidating inside a rectangular zone for the past few days by going low to our current bottom @ 19500$ (lower support zone) and bouncing up to our current top 20600$ (Upper resistance zone). We saw a nice bounce from our support yesterday and now we can see it is breaking the falling wedge pattern at 4H-Frame.
If we can break out of the upper resistance zone and closes above there, then that is a bullish sign for us (High Probability). Otherwise, if it breaks down the lower support zone and closes below there, then that is a bearish sign for us.
The next days will be crucial for Bitcoin's short-term future.
Stay tuned everyone! Good trades are upcoming.