#Bitcoin Current Update ( Daily Time Frame )

2022年10月20日

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#BTC Update

#BTC is trading inside this descending channel, as long as BTC trades inside the descending channel till that BTC will keep falling, To change the trend reversal ETH needs to break out of this channel.

Support:- 18700$ TO 19000
Resistance:- $20300,$21500,22500

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2022年10月20日

註釋

BTC also makes this descending triangle pattern which is a bearish pattern, To conform to any move we need a breakout or breakdown of this pattern
so it's better to wait for the confirmation

2022年10月21日

註釋

BTC continued its move inside the descending triangle for 143 days and it is getting closer with each tap on support and resistance zone.

Currently, the price is in a contraction phase and a breakout/breakdown with a good volume would happen anytime soon from here.

We've to keep an eye on a sustained breakout/breakdown to play accordingly with proper risk management