As we can see on the graph, two major support zones for BTC on macro levels are 6,5k and 3,8k.
Btc bounced almost 20%, and the buyers showed up fast.
The next crucial resistance zone for BTC is 8,1k, which you can clearly see on the VPVR.
When we zoom in on smaller time frames, we can see that BTC broke out of the iH&S formation, with a target of 8,1k~
The ideal entry would be the neckline retest around 7,3-7,4k with a first target to 8,1k~.
Btc bounced almost 20%, and the buyers showed up fast.
The next crucial resistance zone for BTC is 8,1k, which you can clearly see on the VPVR.
When we zoom in on smaller time frames, we can see that BTC broke out of the iH&S formation, with a target of 8,1k~
The ideal entry would be the neckline retest around 7,3-7,4k with a first target to 8,1k~.
Note
Note
Almost perfect neckline retest, bearish volume really low so farNote
One more reason for being bullish, total crypto market cap retested perfect levels
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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.
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.