Long
BTCBUSD
BTC trend line price had been broken however 50722 support zone is striving to not let BTC price go down more than this. 2 scenarios can be happen.
First one is BTC price go back to its trend line and continue to reach 57331 (weekly pivot) and 58226 ( monthly resistant) and strive to break them.
Second one is BTC price can not go back into its trend line and trend line may act like powerful dynamic resistant. So BTC price will reach to 52227 which was a support line and now act as a resistant line then go down to another support line( 50722 ). if this line break BTC price will go down to reach its second weekly support line (49831). After that BTC price may will go up if any bad news would not come
First one is BTC price go back to its trend line and continue to reach 57331 (weekly pivot) and 58226 ( monthly resistant) and strive to break them.
Second one is BTC price can not go back into its trend line and trend line may act like powerful dynamic resistant. So BTC price will reach to 52227 which was a support line and now act as a resistant line then go down to another support line( 50722 ). if this line break BTC price will go down to reach its second weekly support line (49831). After that BTC price may will go up if any bad news would not come
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.