Support and Resistance areas of note (Hourly BTCUSD)
Newly formed levels such as these tend to break fairly easily
but price will likely stay within this range unless we see some
heavy volume come in to one side or the other. A close
through either of these levels (Above or below) will likely
result in a longer term move in that direction.
Newly formed levels such as these tend to break fairly easily
but price will likely stay within this range unless we see some
heavy volume come in to one side or the other. A close
through either of these levels (Above or below) will likely
result in a longer term move in that direction.
Note
We broke through the upper level with a very strong move. The upper level (On idea chart) becomes new LT support for BTCUSD (7909) Median SRL is 8044.
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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.