Bitcoin touched the daily exponential ribbon support at 32,000, this ribbon supported the price action since the move began so it should be an important support along with the pitchfork at 34,000 support, it broke the pitchfork back in March 2020 but came back strong and started this big move so the break of the pitchfork can be a false breakout.
Trade active
RSI is still showing a big positive divergence so we are near the turning pointTrade active
also near the 1.618 support at 31,800Note
positive divergence forming on the hourly at the test of 31,800 at 1,618 Fibonacci support
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.
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.