Bitcoin Price: Support and Resistance
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).
I placed multiple Support and Resistance trend lines on the chart. Support is shown with the S and Resistance is shown with the R. I also showed the Fibonacci Retracement levels specifically the next possible support at 0.50 level in case Bitcoin price keeps falling.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
I placed multiple Support and Resistance trend lines on the chart. Support is shown with the S and Resistance is shown with the R. I also showed the Fibonacci Retracement levels specifically the next possible support at 0.50 level in case Bitcoin price keeps falling.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
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.