BTCUSDT Returning to the previous channel
Market grew up significantly during this night, volume is also rising. BTC price went up and returned to the previous channel after the rebound from Fib 1 support level. In a very optimistic scenario it has chances to consolidate there after a small price decrease as it is in the overbought zone. Then important resistance level of Fib 0.786 will be broken and the price will head to the upper edge of the channel and after consolidation and bounce from a formed support around $8900 will broke upward the descending channel and may head to the next resistance level of Fib 0.618. This will be a critical moment for the market recovery. In the realistic scenario we may face with other manipulations and dumps, but overall significant volume rising is a good sign.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter:
skyrexio.com
🔥 Win share of 20,000 USDT in Skyrexio x Bybit competition
bit.ly/skyrexiobybit
Trade smarter:
skyrexio.com
🔥 Win share of 20,000 USDT in Skyrexio x Bybit competition
bit.ly/skyrexiobybit
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.