BitcoinUpdated (BTCUSD) WHO WILL BE OUR FRIEND? $40,000 OR $52,000
We"re surfing between two KEY zones, Support being $42,000 and resistance round $52,000
Key Levels 12hr TF:
All time high - $68,500
Resistance - $52,260
Support - $40,986
I believe we have an imbalance between $47,000 and $42,000. once this is filled I will be looking to get into a long position Only if we hold $41,000 with some type of reversal.
We see a previous pattern on the 10th of October and that was finally filled december 3rd
Happy trading
Key Levels 12hr TF:
All time high - $68,500
Resistance - $52,260
Support - $40,986
I believe we have an imbalance between $47,000 and $42,000. once this is filled I will be looking to get into a long position Only if we hold $41,000 with some type of reversal.
We see a previous pattern on the 10th of October and that was finally filled december 3rd
Happy trading
Trade closed: target reached
YAY we couldn't quite hold the 45k region meaning that our FRIEND is 40k! *(If you shorted I would consider closing your trade or set to break even)*
We need to see a reversal pattern happen at this support (40k) if not we're either going to consolidate or break down to 30k.
Happy trading Enjoy the snow if you got any!
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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.