Bitcoin - there is important resistance ahead!

Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅

Past plan and my position in long:
Friends, the plan with a rebound from the local bottom has been completed, the buyer was able to keep the important support zone of 27,500 and the price again came to test 330,000, I wrote about this earlier. I have already fixed 50% of the profit from my long position and continue to hold the rest of the position up to an important resistance level.

Important bitcoin levels:
On the technical side: we have two resistances, a local 31,080 from where Bitcoin started its correction to the range of 27200-27500 and there is a global resistance of 0.5 Fibonacci 332,500 from where a strong buyer may appear.

What does bitcoin need to keep going up?
Still an important support zone is the 228,000-28,500 range, the price is still close to this level, for a further trip to the 31,000-32,500 range, the buyer needs not to lose this support zone in a short time, but to stay afloat where we are at at the moment, otherwise we may expect a strong fall into the 25,000-24,000 zone

Test of an important Fibonacci level:
A test of the 0.5 fib level will be very important in order to understand the further direction vector in the future, there are two options: either we run into a strong buyer and catch a strong bounce down, or we stay in the 0.5 fib zone and continue to grow on 334,000-36,000

To all those who have gained Longs with a profit, do not forget about risk management!
ADABNBBTCPERPBTCUSDBTCUSDTdododogeFundamental AnalysisTechnical IndicatorsTrend Analysis

Related publications

Disclaimer