BTC - 2/1/2022
Sort of a continuation on the last BTC idea I posted. Based on the channel BTC looks like it's in, I think shortly we'll see a drop in price.
Idea for current supports and resistances of BTC .
As of right now, btc seems bearish and I feel is likely to test support levels at 35.5k to 34k.
I do feel like this downward trend will be short-lived, but depending on how much selling activity happens on the way down, we may very well see a test of support at 29k , but is unlikely.
These are just ideas, not FA. Do research for yourself and don't just take my word for it.
Happy trading and good luck!
Idea for current supports and resistances of BTC .
As of right now, btc seems bearish and I feel is likely to test support levels at 35.5k to 34k.
I do feel like this downward trend will be short-lived, but depending on how much selling activity happens on the way down, we may very well see a test of support at 29k , but is unlikely.
These are just ideas, not FA. Do research for yourself and don't just take my word for it.
Happy trading and good luck!
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