BTC/USDT 4HOUR UPDATE
Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:- BTC bounced from the local support after a successful retest but got rejected after hunting stops above horizontal resistance and MA 200.
It has also formed a cup and handle pattern, which is technically a bullish pattern. Currently, the price is consolidating in a shape of a handle.
A solid breakout of the horizontal resistance would be a bullish continuation sign in it, and the invalidation of the handle is a breakdown of the local support with a retest below it.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
I have tried to bring the best possible result in this chart.
Chart Analysis:- BTC bounced from the local support after a successful retest but got rejected after hunting stops above horizontal resistance and MA 200.
It has also formed a cup and handle pattern, which is technically a bullish pattern. Currently, the price is consolidating in a shape of a handle.
A solid breakout of the horizontal resistance would be a bullish continuation sign in it, and the invalidation of the handle is a breakdown of the local support with a retest below it.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
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