BitcoinLong
$BTC breaking through downtrend @ $23k and a re-test is good
Key takeaways:
1)
Breakthrough down trend, preferably re-test and convert it to support
2)
Major S/R levels [based on Fib Retrace] at
28k
35.5k
41.8k
3)
Watch out for the dotted mid-level of parallel channel to be a resistance,
price should meet it at around 35.5k
4)
Price going into 18k-16k is RISKY TERRITORY as it is a strong S/R level
Close below 16k would be bad
BTCUSDTBTCUSDT
1)
Breakthrough down trend, preferably re-test and convert it to support
2)
Major S/R levels [based on Fib Retrace] at
28k
35.5k
41.8k
3)
Watch out for the dotted mid-level of parallel channel to be a resistance,
price should meet it at around 35.5k
4)
Price going into 18k-16k is RISKY TERRITORY as it is a strong S/R level
Close below 16k would be bad
BTCUSDTBTCUSDT
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.