Bitcoin (BTC) Update : Possible high & low, in short term.
BTC prices are moving well along the expected pathway. As I mentioned in my last post, BTC price will touch the 'need supported line'. And probably, we can observe a clear 'divergence'. Today we will talk about low points and high points that can be reached from a short-term perspective.
[DATA: BTCUSD 30 min, virtual need supported line(reference EMA (400)),virtual EMA (200, candle/day) line, virtual EMA (400, candle/day) line]
#1. I propose scenarios (S1, S2) that seem to be possible in the short term. S1 is more likely to be executed (it is more likely to complete the divergence and rise up), but you need to look carefully at the BTC movement in the 'need supported line'.
#2. The possible low of 'S1' is $ 7600 and the possible high is $ 9100. Expected entry time is after confirming the completion of divergence and the trend change from the low point.
# 3. The possible low of 'S2' is $ 6900 and the possible high is $ 8850. The entry point is after confirming the trend change from the low point.
#4. If S2 is executed, the 'need supported line' can act as a resistance line.
- If this posting has helped, please click on the referral.
[DATA: BTCUSD 30 min, virtual need supported line(reference EMA (400)),virtual EMA (200, candle/day) line, virtual EMA (400, candle/day) line]
#1. I propose scenarios (S1, S2) that seem to be possible in the short term. S1 is more likely to be executed (it is more likely to complete the divergence and rise up), but you need to look carefully at the BTC movement in the 'need supported line'.
#2. The possible low of 'S1' is $ 7600 and the possible high is $ 9100. Expected entry time is after confirming the completion of divergence and the trend change from the low point.
# 3. The possible low of 'S2' is $ 6900 and the possible high is $ 8850. The entry point is after confirming the trend change from the low point.
#4. If S2 is executed, the 'need supported line' can act as a resistance line.
- If this posting has helped, please click on the referral.
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.