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Bitcoinlevels

BTC LEVELS FOR LONG Currently, we received a reaction from the daily level, which was at 65k, and the price is holding for now. If at some point we see that the correction continues, the FVG located from 63k-64.5 is an excellent longa zone. Of course, we always have to be ready for both cases, below there are strong levels of 60-61k. Only below that is the possibility for 50k. Better to go step by step and follow the changes FVG BTC-a se takodje poklapa sa daily fvg na total marketu.
Long
by learnfromfailure
Bitcoin Critical Support Being Tested RN!Traders, We are now testing my line in the sand once again, 25,200. Should we close below this level and confirm with at least one more candle, I smell 20k in the cards. If this support holds, then I believe we’ll continue the sideways action between 25.2k and 31.6k through November of this year, maybe longer. A few bullish indicators are in our favor rn: We’ve remained above our neckline since March. The neckline held the first retest being touched 5x but never breaking below with a following confirmation candle. We still have no confirmation this current move below will gain steam. RSI shows correlating strong support. RSI shows bullish divergence. The big bearish indicator that I have alluded to in past posts is that BTC CME Futures gap at 20k. But the bears will have to remain strong to get us there. With volume low and our daily RSI remaining in or near oversold territory for the last several weeks, I am just not sure they have the strength to get us down there again. We’ll continue to keep our eyes on this as it unfolds. Best, Stew
INDEX:BTCUSD
by stewdamus
3
Support and resistance levels for Bitcoin 17 May 2022 BYBIT:BTCUSD These are the most Current Daily, Weekly and Monthly Levels for Bitcoin . **feel free to copy this chart for your own use** Support and resistance Definition (quoted from Investopedia.com) The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis . Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction. At first, the explanation and idea behind identifying these levels seem easy, but as you'll find out, support and resistance can come in various forms, and the concept is more difficult to master than it first appears. Key Takeaways Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend. Support occurs where a downtrend is expected to pause due to a concentration of demand. Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply. Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement. Support and resistance areas can be identified on charts using trendlines and moving averages. (end of quote) Trading based on these levels, I would suggest entering trades based on a sign of strength (Long) or weakness (short) at these levels. Never use Levels on their own, but enter trades based on confluence - i.e. Chart patterns, order flow, indicators, market structure
BYBIT:BTCUSD.P
by zartraderguy