Check out my post from 18 hours ago. In it I show that the $40K level is an important support! Let's see if the price returns from this point
Yesterday we shared my trading with you. In the meantime, TP4 and TP4 have also been hit. Now I am in a LONG where TP1 has been hit.
We see a clear rejection of the $42.3K level. Bitcoin is now testing the $41.6K level. Should we also see a rejection of this level here. Then I expect a test at the $40K level. This is a strong support and I definitely expect volatitleit here.
Is bitcoin ready for a big rise? We can see that Bitcoin has struggled at the $42.3K Level over the past week. The price is currently running into resistance there as well. Furthermore, we see that Bitcoin has established a bottom around $40K which has also been an important support and resistance level in the past. Perhaps the price will look for liquidity here...
De marktkapitalisatie van #altcoins is zojuist de 2-jarige MA gepasseerd tijdens hetzelfde MACD bullish cross. De laatste keer dat dit gebeurde was in 2020 en het altseizoen volgde daarna.
#cryptotrading Compressie is een patroon dat veel voorkomt. De onderliggende prijsactie is daarbij het belangrijkst! Leer dit vroegtijdig herkennen. De meeste traders zien dit vaak te laat, waardoor ze te laat in positie komen! #Bitcoin
Bitcoin is still moving between the FWB:42K and $43K level. If liquidity dries up and volatility decreases, I expect a breakout
Bitcoin is currently approaching the 43K level and is finding resistance there. If Bitcoin manages to gain this level, I expect a new test of the 44K level.
This move is very similar to the previous price action for ADA. We also had a test on the bottom three times. If ADA can turn this resistance into support. My expectation is that we are heading towards the old ATH.
Compression, the squeezing of price. Breakout follows, you should not have a preference for long or short.
Bitcoin is currently running into resistance. This could be a nice short opportunity. The green box is interesting for me to possibly open a long.
Beware of rising price action for altcoins. That upward price action draws you into the market. These types of rallies are often followed by another pullback.
Let's see if bitcoin can make support of this level!
If you look at the past, a correction for Bitcoin is normal and perhaps healthy. Let's wait and see if we get a major correction this time before the bull run continues.
#SOl finds resistance around $75 dollars. I expect a pullback around $50 dollars. Let's see how this plays out.
#Bitcoin does not retest all past levels! The $40K level is interesting because there has been a lot of interaction with this price area in the past.