BitcoinLong
BTCUSD - Long
Bitcoin is currently at a significant level of demand.
The last 3 times price reached the zone we currently find ourselves, we saw a large move to the upside.
I expect the same here, with a potential exit around $8100, which happens to have several resistance points:
- volume profile point of control
- 50% Fibonacci retracement level
- and 4-month trend line resistance line
The last 3 times price reached the zone we currently find ourselves, we saw a large move to the upside.
I expect the same here, with a potential exit around $8100, which happens to have several resistance points:
- volume profile point of control
- 50% Fibonacci retracement level
- and 4-month trend line resistance line
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.