I my opinion BTC is about to go higher after what seemed to be a corrective move.
However, I don't trade crypto, this is just me looking at the charts and price action, every market has its behavior.
However, I don't trade crypto, this is just me looking at the charts and price action, every market has its behavior.
Note
Note
Bulls need to keep the momentum. Breaking below the white line would potentially open doors for more bears.Note
I wouldn't buy BTCUSD at the moment... One support has been broken and this could bring more bears in the market.Note
Bulls regaining control. Ultimately, as long as price is about the white line, bulls are in controlNote
Support forming...Note
Breaking out...Note
Weakness again. Seems like bulls are failing at their attempt to break higher...Note
Breaking support levels...Note
Dip bought...Note
Dropping slowly...Note
Exactly a month ago I mentioned that an important support level was broken and more bears would enter the market, BTC was trading at 70000, and now here we are.Note
Support and resistance levels are so important, once any important level is broken, you should adapt to what the market is doing and not stick to your bias.I noticed an important support level being broken and I pointed it out right here. Hopefully some followed the analysis and made a profit from it.
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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.