Bitcoin - the newest local review
Hello Traders and Investors. I hope you are doing well.
Let's start with the fact that it was a really incredible week. Bitcoin grew from 17k to 21k. This is very cool, congratulations to all bulls with a profit. I am also partially on your side and am still keeping a trade on my own indicators.
Unfortunately, TradingView administration forbids sharing analysis of paid indicators for free, I really don't understand it, so the only place where I can do it is twiter.
Okay, so let's move on to the analysis.
The first thing I want to highlight is $21,480, a very important level at the moment, which plays an incredibly significant role. If the price updates this high, it will mean the breaking of the descending structure and the beginning of a bullish trend. After that, the door to $28 - 32k will be open.
Will there be a pullback and where to buy?
No one will tell you the answer to this question, but you can identify a zone where you can buy bitcoin or open trades in case of correction.
At the moment, a very strong support zone is $19,200 - $18,400. In this zone, there is the largest traded volume, 0.5 - 0.68 Fibonacci levels, and indicators that I cannot show according to the rules.
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Let's start with the fact that it was a really incredible week. Bitcoin grew from 17k to 21k. This is very cool, congratulations to all bulls with a profit. I am also partially on your side and am still keeping a trade on my own indicators.
Unfortunately, TradingView administration forbids sharing analysis of paid indicators for free, I really don't understand it, so the only place where I can do it is twiter.
Okay, so let's move on to the analysis.
The first thing I want to highlight is $21,480, a very important level at the moment, which plays an incredibly significant role. If the price updates this high, it will mean the breaking of the descending structure and the beginning of a bullish trend. After that, the door to $28 - 32k will be open.
Will there be a pullback and where to buy?
No one will tell you the answer to this question, but you can identify a zone where you can buy bitcoin or open trades in case of correction.
At the moment, a very strong support zone is $19,200 - $18,400. In this zone, there is the largest traded volume, 0.5 - 0.68 Fibonacci levels, and indicators that I cannot show according to the rules.
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
✅ Get my ready-to-use Buy/Sell Crypto Systems & Alerts 👉 [ bit.ly/bs-alerts ]
💼 Expert Asset Management 👉 [ bit.ly/assetmn ]
💼 Expert Asset Management 👉 [ bit.ly/assetmn ]
Related publications
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.