My Bitcoin plan past and present
Okay so today I am only looking at the daily chart of BTCUSD .
It is very obvious price is in the choppy faze with a couple failed breakouts before hitting the 45k resistance wall. Bitcoin for me to get interested in buying back in, I will need to see confirmation of 45k being taken out.
Of course price just hit 42k resistance and is now pulling back so holding that trendline shown and for sure holding onto 35k support and the 2 lows with the nice lower wick candles on Jan 24 and Feb 24 respectively.
Before this I show the bitcoin uptrend where there are some great signals to enter where price goes on to all time highs made on Nov 10th $69182.50
Then we see the break below 60k support and I show all sorts of areas where I would be shorting.
If you notice, the areas where I would buy and short are very similar looking only the opposite. The candles are similar and the position on the moving average is too.
I will be a buyer if these levels hold up and a break above 45k can happen. Will see....
It is very obvious price is in the choppy faze with a couple failed breakouts before hitting the 45k resistance wall. Bitcoin for me to get interested in buying back in, I will need to see confirmation of 45k being taken out.
Of course price just hit 42k resistance and is now pulling back so holding that trendline shown and for sure holding onto 35k support and the 2 lows with the nice lower wick candles on Jan 24 and Feb 24 respectively.
Before this I show the bitcoin uptrend where there are some great signals to enter where price goes on to all time highs made on Nov 10th $69182.50
Then we see the break below 60k support and I show all sorts of areas where I would be shorting.
If you notice, the areas where I would buy and short are very similar looking only the opposite. The candles are similar and the position on the moving average is too.
I will be a buyer if these levels hold up and a break above 45k can happen. Will see....
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.