Bounce incoming
Updated
BTC was firmly rejected off the long term S/R line and is heading back to the downtrend line from ATH.
it'll likely hit this and the S/R line at 10.8K
Both of these lines have been strong resistance in the past but following a solid breakout yesterday i'm expecting it to be good support this time round
I'm set up for longs to kick in from 10.8k and will take profit on them a little below the 11.8k Long term S/R line and we'll see what happens this time round
it'll likely hit this and the S/R line at 10.8K
Both of these lines have been strong resistance in the past but following a solid breakout yesterday i'm expecting it to be good support this time round
I'm set up for longs to kick in from 10.8k and will take profit on them a little below the 11.8k Long term S/R line and we'll see what happens this time round
Note
It's now or never, BTC just reached the long term S/R line and if it doesn't show a decent bounceback then it's looking like a rough day or two and a revisit of 10.6 and likely on to 10.3 S/R lines
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.