BitcoinShort
BTC is going to test last ATH
We are witnessing first major bump in this bull market.
BTC topped at $42,000 and created major gap down to support zone at $30,000. That was a massive red candle which completely changed bias in my opinion. Currently BTC sits on MA200 which acts as support level, but I believe we need to retest the last ATH at $20,000 before we could continue to move higher. At this level there is also the last red weekly candle we have seen from the beginning of DEC 20. On the higher time frame I see BTC even lower, but that’s the story for the next post.
We are going to witness some more scalps on the way, so don’t get carried away, but keep an eye on the big picture. Trade with lover exposure and be prepared for higher volatility.
BTC topped at $42,000 and created major gap down to support zone at $30,000. That was a massive red candle which completely changed bias in my opinion. Currently BTC sits on MA200 which acts as support level, but I believe we need to retest the last ATH at $20,000 before we could continue to move higher. At this level there is also the last red weekly candle we have seen from the beginning of DEC 20. On the higher time frame I see BTC even lower, but that’s the story for the next post.
We are going to witness some more scalps on the way, so don’t get carried away, but keep an eye on the big picture. Trade with lover exposure and be prepared for higher volatility.
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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.