Daily review of BTC interval 1D
Hello everyone, I invite you to review the chart of BTC in pair USDT taking into account the one-day interval. First, we will use the yellow line to mark the uptrend line above which the BTC price is moving.
Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support zone from $ 22,382 to $ 21,228, however, when we fall below this zone, we can see a drop around $ 20,322 and even $ 19,333, then we have a second very strong support zone from $ 17,988 to $ 16,285.
Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. We will first mark the resistance zone from $22794 to $23673, when we manage to break it we will move towards the resistance at $24277 and then $26035.
Please pay attention to the CHOP index which indicates that most of the energy has been used, the MACD indicator maintains a downtrend, while the RSI shows an increase and an upward exit from the downtrend.
Now we can move on to marking the places of support in the event of a correction. And here, in the first place, it is worth marking the support zone from $ 22,382 to $ 21,228, however, when we fall below this zone, we can see a drop around $ 20,322 and even $ 19,333, then we have a second very strong support zone from $ 17,988 to $ 16,285.
Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. We will first mark the resistance zone from $22794 to $23673, when we manage to break it we will move towards the resistance at $24277 and then $26035.
Please pay attention to the CHOP index which indicates that most of the energy has been used, the MACD indicator maintains a downtrend, while the RSI shows an increase and an upward exit from the downtrend.
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.
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.