these last few weeks played out real weird
see the weekly closed above the highest white line @ 57,600 and fell all the way down creating the strongest support/resistance I've ever seen on btc @ 45,750
the weekly closed under the resentence of 46k on purpose then rushed up to 50k
i see it hitting the orange line and falling past its initial close under 45k by end of week
if that happens we will see 38k
--- if your a bull ----
weekly has to keep its support above 46k if it closes under it... its going back to 38k
if next week we close above the orange line there's a very high chance we fly to 80k
remember the white lines there important as well!!!
see the weekly closed above the highest white line @ 57,600 and fell all the way down creating the strongest support/resistance I've ever seen on btc @ 45,750
the weekly closed under the resentence of 46k on purpose then rushed up to 50k
i see it hitting the orange line and falling past its initial close under 45k by end of week
if that happens we will see 38k
--- if your a bull ----
weekly has to keep its support above 46k if it closes under it... its going back to 38k
if next week we close above the orange line there's a very high chance we fly to 80k
remember the white lines there important as well!!!
Note
weekly closed above all resistances gg bulls, 80k here we comewe closed at 60k then retraced perfectly to 53k
Trade active
btc is taking its sweet time......Note
gg up we go, 80k is the minimum it will touch 100k+ is inevitable
trade safely please
Note
weekly support is at 55k if we ever close under 55k on the weekly, 47k will be inevitable NO HIGH LEVRAGE TRADES!!!
Note
btc will not go up until the weekly closes above $65,000if your short or decide to go short,
tp 1 @ 55k
tp 2 @ 53k
tp 3 @ 45k-47k
good luck
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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.