I tried to be as detailed as possible with the TA above. Please boost if you enjoyed this thread :)
Bitcoin has been in an upward channel for the past two weeks and just rejected perfected off of the upwards channel resistance at $17,400. It broke down through the micro support of $17,167 and I believe it will reach our next target of $16,700 before having a relief bounce to retest the new resistance of $17,167 and possiblly climbing to $17,640 (our next MAJOR resistance).
If we continue to break the $16,700 support and break down out of the channel, then my next MAJOR support for BTC is $15,900 and $15,600 which were our previous supports Nov 13th and Nov 21st. I'm personally waiting for another buy/sell signal from Wave Fusion, especially if it coincides with a support/resistance level.
If you enjoyed my TA or have any questions about the indicators used and how to gain access (Wave Fusion), then comment below or send me a PM :)
Thanks for reading!
Bitcoin has been in an upward channel for the past two weeks and just rejected perfected off of the upwards channel resistance at $17,400. It broke down through the micro support of $17,167 and I believe it will reach our next target of $16,700 before having a relief bounce to retest the new resistance of $17,167 and possiblly climbing to $17,640 (our next MAJOR resistance).
If we continue to break the $16,700 support and break down out of the channel, then my next MAJOR support for BTC is $15,900 and $15,600 which were our previous supports Nov 13th and Nov 21st. I'm personally waiting for another buy/sell signal from Wave Fusion, especially if it coincides with a support/resistance level.
If you enjoyed my TA or have any questions about the indicators used and how to gain access (Wave Fusion), then comment below or send me a PM :)
Thanks for reading!
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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.
🤝 Let's Connect:
🌎 Website - cryptoscripts.com
🐦 Twitter - twitter.com/CryptoScriptsAI
📺 Youtube Indicator Tutorials - youtube.com/c/CryptoScripts
📱 Facebook - facebook.com/CryptoScripts
🌎 Website - cryptoscripts.com
🐦 Twitter - twitter.com/CryptoScriptsAI
📺 Youtube Indicator Tutorials - youtube.com/c/CryptoScripts
📱 Facebook - facebook.com/CryptoScripts
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.