Bitcoin flipped support and now back testing it as resistance. Price also close to the down trend line of this short term consolidation. To get short term bullish I would want to see a push through the LVN (3730-3785). Volume and volatility has been decreasing.
Supports-There is another LVN which has been a decent S/R zone at 3575-3560 where we found support on the last drop. A break of that zone and I will be watching the LVN 3400-3370 for short term resistance.
Resistances- The LVN described above at 3730-3785. I think there will also be some supply waiting at 3870 which is the POC from this build out dating all the way back to the end of November.
Supports-There is another LVN which has been a decent S/R zone at 3575-3560 where we found support on the last drop. A break of that zone and I will be watching the LVN 3400-3370 for short term resistance.
Resistances- The LVN described above at 3730-3785. I think there will also be some supply waiting at 3870 which is the POC from this build out dating all the way back to the end of November.
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.