BTC Perfect Retest of major support on the $Bitcoin M1 Chart
As you can see, Bitcoin rejected perfectly at resistance (3.50) and bounced perfectly from Major Support line (1.70).
The chart explains it perfectly.
As long as things stay above that 1.70 level, I think this could be a significant S&R Flip, with Bitcoin showing strength as a hedge against inflation.
If it falls below 1.70, well... then I will assume a more bearish mid term stance.
MM.
The chart explains it perfectly.
As long as things stay above that 1.70 level, I think this could be a significant S&R Flip, with Bitcoin showing strength as a hedge against inflation.
If it falls below 1.70, well... then I will assume a more bearish mid term stance.
MM.
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.
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.