Identifying support after 45k
The BTC chart has unfortunately broke the rising wedge, as expected, partially. Thought it might hit the 0.618 resistance at 50k before the reversal.
The price now is hovering around 45k. But breaking that, it will send the price down to the 40-42k range, which is at 0.618 support. If breaking that, it might go down to the second strong support at 0.318, price at 36k.
The price now is hovering around 45k. But breaking that, it will send the price down to the 40-42k range, which is at 0.618 support. If breaking that, it might go down to the second strong support at 0.318, price at 36k.
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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.