BTC/USDT (17k Dollars Potential Support Area)

💎Technical Analysis Summary💎


BINANCE: BTCUSDT


-BTC found resistance just above the reverse Fib level 3 resistance area
-The price fell back to reverse Fib level 2 and potentially acting as an initial support zone
-If BTC will come back down and confirms another bounce reaction
-This will give us a strong bias that 17.3k is our potential key support in this uptrend
-I'm expecting Bitcoin to consolidate above the 17k dollars area for the next few days
-I'm hoping Altcoins will start recovering once BTC starts to cool down from its parabolic move up
-Please don't use High Leverage when the market is too volatile
-Zoom out to a higher timeframe and look for potential swing positions
-Sitting in cash is also a position if you are waiting for a good quality trade





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