BITCOIN: IN BETWEEN THE SUPPORT AND RESISTANCE.
Hello traders,
Dexter here with another update on BTC. This time we will analyze the chart in 3 days timeframe.
BTC broke out above the resistance trendline 18 days ago and since then it is swinging in between the support and resistance of 21.5k & 25k. The breakout does look bullish but until and unless BTC breaks above the
25K resistance, we cannot confirm anything yet. In a longer timeframe, I am keeping my support and resistance tight and will keep my long-term position open.
Please keep in mind that this BTC update is not meant for scalping or short-term trading. This analysis is purely meant for spot and long-term holdings. If you scalp trade with 10x or 20x leverage based on this analysis then a drop toward 21.5k will take the soul out of your body. So, don't do that. I have already posted a BTC update in a shorter timeframe so please refer to that before taking any scalp trade on BTC.
Dexter here with another update on BTC. This time we will analyze the chart in 3 days timeframe.
BTC broke out above the resistance trendline 18 days ago and since then it is swinging in between the support and resistance of 21.5k & 25k. The breakout does look bullish but until and unless BTC breaks above the
25K resistance, we cannot confirm anything yet. In a longer timeframe, I am keeping my support and resistance tight and will keep my long-term position open. Please keep in mind that this BTC update is not meant for scalping or short-term trading. This analysis is purely meant for spot and long-term holdings. If you scalp trade with 10x or 20x leverage based on this analysis then a drop toward 21.5k will take the soul out of your body. So, don't do that. I have already posted a BTC update in a shorter timeframe so please refer to that before taking any scalp trade on BTC.
coincall.com/r/43438887
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
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.