jain_abhishek
@t_jain_abhishek
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jain_abhishek
My overview is bullish in BTC as per current buyers and sellers activity. if price test resistance and retrace not more than 50-60% then a bounce is expected. If price fail to test resistance then this overview will consider as NULL (conditions not fullfilled)price break resistance directly and tested next resistance...but i was looking for a dip to buy but no dip created and price is moved to target price .
jain_abhishek
BTC created a sharp bounce from 50-60% Retracement levels which was expected. But I was expecting price will consolidate near resistance level but price directly break the resistance in this quick move thats why there this a retracement. People booked there profit after a quick move IF there was consolidation near resistance then sharp continuation was expected.
jain_abhishek
This is update of Previous Post. New Resistance Created.. Now Price Should retrace remember it should not retrace more than 60-70%. And again test resistance then only it will be confirmation.
jain_abhishek
BTC is in a bullish trend & currently creating a retracement. And trading in a parallel channel.. IF BTC Test above resistance and hold above level and then break then Good momentum is expected upsideThere is little update . price break recent resistance so new resistance has been updated in another post
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