Bitcoin analysis for short term
Hello Friends, Today I would like to share Technical analysis of BTC /USD
Bitcoin now trades in a pattern.
Resistance level is 20444 $ and support level at 18250 $.
In my opinion, BTC can complete the W pattern that i shared in the picture, and then price can hit our target profit at 20444 $. If breakout happenes at where W pattern is completed, then the 2nd target will be 21700 $ which is 50% Retracement from 25211 $. And then next 3rd possible target can be 22700 $.
This is technical analysis based on my knowledge, It's not a financial advice, But do let me know what you guys think.
If you have any questions, please write in the comment section and i will try my best to answer.
And please don't forget to support this idea with your like and comment.
Thank You.
Bitcoin now trades in a pattern.
Resistance level is 20444 $ and support level at 18250 $.
In my opinion, BTC can complete the W pattern that i shared in the picture, and then price can hit our target profit at 20444 $. If breakout happenes at where W pattern is completed, then the 2nd target will be 21700 $ which is 50% Retracement from 25211 $. And then next 3rd possible target can be 22700 $.
This is technical analysis based on my knowledge, It's not a financial advice, But do let me know what you guys think.
If you have any questions, please write in the comment section and i will try my best to answer.
And please don't forget to support this idea with your like and comment.
Thank You.
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