BTC/USDT AND USDT.D UPDATE:
BTC/USDT broke the strong trendline support with volume,this could be the deviation (fake down) or longs squeeze only if we se a daily closing above 39700.
BTC/USDT is currently in Bat Harmonic PRZ level and also we have FIB golden ration right at our PRZ level which is a good indication that 38500 is a strong support level.
USDT.D is at trendline resistance and making bearish divergence.
So at the moment 38500 - 38800 is a strong reversal zone and we can expect a trend reversal from here once we see flip of the trend line ( 39500-39700 ) as it will now act as resistance.
Failure to reclaim will put a possibility of retesting 37000-37700 area.
Therefore we should take trades on higher Tfs and trade with tight SL until we get clarity.
@ChartsSignalsTrading
