Hello traders, welcome to this BTC update.
Timeframe: 8 hours.
Recap: In my previous update, I mentioned $21k to be an important support for BTC in lower TF. And if it manages to stay above the support, we can expect a good rally on BTC.
Update: BTC is still in the same zone ranging between $21k to $21.6k. It has not shown a significant pump but it is still above the support level. So far, BTC is doing good and the only resistance I can see is the 21 MA close to $22k. If BTC manages to break through it then things will be interesting.
Conclusion: I have accumulated BTC at the support level. Let us see how the market plays out. If BTC breaks below the $21k then I will exit major positions and then buy back at the lower levels.
What's your strategy for the upcoming BTC move? Do you expect a rally or a dump? Do share your ideas.
Trade safely.
Timeframe: 8 hours.
Recap: In my previous update, I mentioned $21k to be an important support for BTC in lower TF. And if it manages to stay above the support, we can expect a good rally on BTC.
Update: BTC is still in the same zone ranging between $21k to $21.6k. It has not shown a significant pump but it is still above the support level. So far, BTC is doing good and the only resistance I can see is the 21 MA close to $22k. If BTC manages to break through it then things will be interesting.
Conclusion: I have accumulated BTC at the support level. Let us see how the market plays out. If BTC breaks below the $21k then I will exit major positions and then buy back at the lower levels.
What's your strategy for the upcoming BTC move? Do you expect a rally or a dump? Do share your ideas.
Trade safely.
