Hello all,
I have 2 outlooks on BTC:
1. Price has respected the support zone of $60-$58k after closing below the previous support zone at $64-$66k. I anticipate the price to rally to the rectangle box before continuing its decent to $50-52k
2. A candle closure above the rectangle box would indicate that price is looking to retest the previous daily resistance zone of $70-$72k.
Best regards,
Don4
I have 2 outlooks on BTC:
1. Price has respected the support zone of $60-$58k after closing below the previous support zone at $64-$66k. I anticipate the price to rally to the rectangle box before continuing its decent to $50-52k
2. A candle closure above the rectangle box would indicate that price is looking to retest the previous daily resistance zone of $70-$72k.
Best regards,
Don4
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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.