Key takeaways:
1)
Breakthrough down trend, preferably re-test and convert it to support
2)
Major S/R levels [based on Fib Retrace] at
$28k
$35.5k
$41.8k
3)
Watch out for the dotted mid-level of parallel channel to be a resistance,
price should meet it at around $35.5k
4)
Price going into $18k-$16k is RISKY TERRITORY as it is a strong S/R level
Close below $16k would be bad
BTCUSDTBTCUSDT
1)
Breakthrough down trend, preferably re-test and convert it to support
2)
Major S/R levels [based on Fib Retrace] at
$28k
$35.5k
$41.8k
3)
Watch out for the dotted mid-level of parallel channel to be a resistance,
price should meet it at around $35.5k
4)
Price going into $18k-$16k is RISKY TERRITORY as it is a strong S/R level
Close below $16k would be bad
BTCUSDTBTCUSDT
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.