Here is a dose of my idea that may give you elation, and I will Keep it super simple.
We have a potential support at $45k. The only key level of support on multi TF is the
42K zone (the yellow line).
...but there is an 80% probability we wil won't break down $45k zone! Yes and I mean it.
If we do, which I highly doubt we'd, we may want to test that42K zone and then a huge upward rally to a new ATH will befall us.
MA is currently in bearish cross mode, but RSI is still printing a bullish divergence.
I'm looking forward to trading either the bounce from $45k or breakdown from $45k pitchfork P3 line.
Keep an eye on it and stay tuned!
We have a potential support at $45k. The only key level of support on multi TF is the
42K zone (the yellow line). ...but there is an 80% probability we wil won't break down $45k zone! Yes and I mean it.
If we do, which I highly doubt we'd, we may want to test that
42K zone and then a huge upward rally to a new ATH will befall us. MA is currently in bearish cross mode, but RSI is still printing a bullish divergence.
I'm looking forward to trading either the bounce from $45k or breakdown from $45k pitchfork P3 line.
Keep an eye on it and stay tuned!
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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.