Bitcoin is in a critical point!
In chart you can see 2 possible scenarios
SCENARIO 1
in the case we pass the 6.4k resistance, we will retest 10.5k resistance and if we pass 10.5k we officially reversed the trend and directly test 14k again.
SCENARIO 2
in the case we got rejected from 6.4k we will fall below the 200Week Moving Average, wich is a bad signal,
and we will retest the previous support that is around 3.2k, this is a very good place to do a buy entry for investors. (you are buying BTC with 70% Discount)
but also if we brake the 3.2k we could fall around 1k and there definitely is a UNIQUE opportunity to buy BTC.
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Leave a comment!
Before to trade my ideas make your own analysis.
In chart you can see 2 possible scenarios
SCENARIO 1
in the case we pass the 6.4k resistance, we will retest 10.5k resistance and if we pass 10.5k we officially reversed the trend and directly test 14k again.
SCENARIO 2
in the case we got rejected from 6.4k we will fall below the 200Week Moving Average, wich is a bad signal,
and we will retest the previous support that is around 3.2k, this is a very good place to do a buy entry for investors. (you are buying BTC with 70% Discount)
but also if we brake the 3.2k we could fall around 1k and there definitely is a UNIQUE opportunity to buy BTC.
Push like if this idea useful to you!
Leave a comment!
Before to trade my ideas make your own analysis.
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.