BTC USD - 6K ZONE maybe will resist?
Updated
Hello everyone traders! Today i'm gonna show you the bitcon , it had some hard times in this year. Probably will still go lower , meanwhile 6k zone looks strong , didn't really expect that cause selling volumes was strong and looked like broke the support level , then with a bullish engulfing started to go up again.
Obviously we can't talk about uptrend yet but it's a good movement that may give some hope. It might be a bullish correction into a downtrend. Don't know yet we need to watch that closely in the next weeks. For all the people that would like to go in , try in lower timeframe to find a good place , maybe some fib retracement of this strong bullish impulse , with a SL around 5.8k.
Have a nice day traders!
Obviously we can't talk about uptrend yet but it's a good movement that may give some hope. It might be a bullish correction into a downtrend. Don't know yet we need to watch that closely in the next weeks. For all the people that would like to go in , try in lower timeframe to find a good place , maybe some fib retracement of this strong bullish impulse , with a SL around 5.8k.
Have a nice day traders!
Note
Well really nice support! But for me BTC it's still inside a '' NO TRADE ZONE '' would wait to break 10k USD to go long . 5.8k breakout to go short.
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.