BTC Bitcoin Daily Time Frame Strategy
Strong move by BTC today! Daily we are approaching resistance-see the purple overhead resistance box, and notice how 1 of our supertrend indicators will flip bullish if we can turn this resistance into support. Both supertrends are still bearish so a pullback in this area makes sense short term. This lines up with our stoch rsi topped out. If you were positioned for this move, watch for a rejection at the first supertrend/our resistance box. If you are looking for an entry, waiting to flip this box into support and flipping at least 1 supertrend indicator makes sense (53k range). THIS IS A HIGH TIME FRAME CHART.
*not financial advice
*not financial advice
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.