Bitcoin (BTCUSD) Buy Zone (Support Levels On The Weekly)
Updated
We looked at Bitcoin and its next potential moves. We looked at the bullish and bearish views... Now, let's take a look at the different support levels on the weekly time frame... Keeping it plane and simple...
Now, let's get started... Feel free to hit like to show your support.
(BTCUSD) Bitcoin Weekly Support Levels
Support marked by Fib. retracement levels:
(1) $6874
(2) $6179
(3) $5484
(4) $4494 (0.786 Fib. retracement level)
Support levels marked by Exponential Moving Averages:
(1) $6966 (EMA10)
(2) $5844 (EMA50)
(3) $5571 (EMA100)
(4) $4494 (EMA200)
Main support range for an expected bounce if bullish action is to continue right away, anything lower and the bear action can extend: $6000 - $7100.
These are some of the main levels where Bitcoin (BTCUSD) can find support.
There are many different ways to find support levels, here we are sharing just a few... Resistance levels are also marked on the chart based on Fib. numbers from the last bullish wave.
We hope you find this information useful and if you have any questions feel free to ask... It is my pleasure to reply.
Namaste.
Now, let's get started... Feel free to hit like to show your support.
(BTCUSD) Bitcoin Weekly Support Levels
Support marked by Fib. retracement levels:
(1) $6874
(2) $6179
(3) $5484
(4) $4494 (0.786 Fib. retracement level)
Support levels marked by Exponential Moving Averages:
(1) $6966 (EMA10)
(2) $5844 (EMA50)
(3) $5571 (EMA100)
(4) $4494 (EMA200)
Main support range for an expected bounce if bullish action is to continue right away, anything lower and the bear action can extend: $6000 - $7100.
These are some of the main levels where Bitcoin (BTCUSD) can find support.
There are many different ways to find support levels, here we are sharing just a few... Resistance levels are also marked on the chart based on Fib. numbers from the last bullish wave.
We hope you find this information useful and if you have any questions feel free to ask... It is my pleasure to reply.
Namaste.
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