Happy Tuesday Traders, Investors & Gamblers 😃
If Bitcoin can confirm above 18.8950$ (Red Support Line) this formation can take us to test the range resistance and if broken take us back to the 29k-32k range (Green Resistance line )which forms resistance for a trend reversal on larger timeframes.
All the relevant levels for this bullish Bitcoin scenario can be found in the chart!
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
If Bitcoin can confirm above 18.8950$ (Red Support Line) this formation can take us to test the range resistance and if broken take us back to the 29k-32k range (Green Resistance line )which forms resistance for a trend reversal on larger timeframes.
All the relevant levels for this bullish Bitcoin scenario can be found in the chart!
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
Note
Here You can see the importance of the 32k level on the weekly BTCUSD chart:
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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.
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.