BTC/USD 1 DAY ANALYSIS

12 במרץ 2022

Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!

I have tried my best to bring the best possible outcome in this chart, Do not consider it as an

In a higher timeframe, BTC is making this ascending triangle pattern now it is lying on the support of 48.8k level.

First scenario: In this scenario, we have a higher chance that BTC can Bounce from here up to 45k how the market reacts in a few hours.

Second scenario: If BTC breaks this 48.8k level and the downer support level of this ascending Triangle then it might very bearish.

RSI has entered into the oversold region. A sustained breakdown is a bearish sign for the market while a bounce from here will be a bullish sign.
Let's see how the market reacts a few hours.

This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.