[Bitcoin] Attempt to reboud at $29.8K, how far can it go?
#Crack #Bitcoin #Binance #Daily
- Bitcoin is trying to rebound after falling to the 28.1k-29.8k section, which was importantly mentioned after the last briefing.
- The green trend line connecting the low on January 4 and the low on June 22 also shows a rebound in the overlapping section and a signal of the possibility of a continued trend reversal in the RACD candle indicator, so if the 31k-31.6k resistance is broken, $35,071 and blue bullish channel lower resistance retest draws an bull trend.
- A break of 35k is important if a strong rebound occurs. Even after the breakout, the 35k support retest should be successful until the 37.8k-39.4k resistance breakout, where the lower resistance of the bearish flag pattern is located.
- If the 28.1k-29.8k support fails after the failure to break out the
31K-31.6k resistance, as mentioned in the previous briefing, a decline to the 10k-112K should also considered in the future scenario.
- Bitcoin is trying to rebound after falling to the 28.1k-29.8k section, which was importantly mentioned after the last briefing.
- The green trend line connecting the low on January 4 and the low on June 22 also shows a rebound in the overlapping section and a signal of the possibility of a continued trend reversal in the RACD candle indicator, so if the 31k-31.6k resistance is broken, $35,071 and blue bullish channel lower resistance retest draws an bull trend.
- A break of 35k is important if a strong rebound occurs. Even after the breakout, the 35k support retest should be successful until the 37.8k-39.4k resistance breakout, where the lower resistance of the bearish flag pattern is located.
- If the 28.1k-29.8k support fails after the failure to break out the
31K-31.6k resistance, as mentioned in the previous briefing, a decline to the 10k-112K should also considered in the future scenario.
토미 라이브 차트 보기: litt.ly/tommytradingtv
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
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.