BTC/USD
BTC has been giving choppy move since the big manipulated fall as there is an all out war going on b/w the BEARS and the BULLS. Now, the price structure is forming Lower Highs (LH) and Higher Lows (HL) hence the Symmetric Triangle and according to the sentiments it is inclining to break to the downside. If BTC breaks the triangle in downwards direction then the next support is $33,500 zone. There are some big buy orders in range of $30,000-$33,000. BTC looks weak and sellers are selling heavily on every bounce. The resistance levels are $37,300 and $39,500-$40,000 area. The major support is $30,000 and last defense point for bulls if it breaks then it can slide towards the mentioned lvls (red) on the chart.
For education purposes only (DYOR)
CryptoCuriousOfficial 📥
For education purposes only (DYOR)
CryptoCuriousOfficial 📥
Related publications
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.