
(April 6 idea: BITCOIN → Trading inside a sideways flat. ↑ 75K or ↓ 60K?)
The false break of resistance and 8.5% retracement indicates that the coin is not ready to go up yet, but at the same time it is not ready to go down, as indicated by the MA-50 retest and the candlestick pattern, which can be interpreted as the activity of strong buyers protecting the market from falling. On W1 we see a strong growth, which gradually turns into consolidation and does not give any correction or technical pullbacks - this indicates the strength of the market, the bulls are watching the price and continue to stand in their bullish stand in order to throw the price even higher.
Resistance levels: 71572, 73679
Support levels: 0.236 fibo, 64545, 61447
After the resistance retest, the market may be interested in the lower zones from the liquidity point of view. Bulls are actively defending them and holding the price, but before halving the price may try to drive it lower in order to liquidate traders and accumulate potential before further strong price movement
Regards R. Linda!
Trade active
Bitcoin has not experienced any negative fundamentals recently, other than a reaction to geopolitical nuances. In general, the fundamentals of the flagship of the cryptocurrency market are very strong
Trade active
Consolidation on H1Trade active
Note
Halving is a little over 5 days away, I wonder how the market will react to the primary data, will there be a decline to liquidate traders or a rise immediately...Note
It's worth looking at 62300Trade active
Hong Kong approves spot applications for BTC-ETFsThis could attract new money from Asian countries, and even more so from China
Trade active
Bitcoin is getting into deeper zones. Halving is about 4 days awayTrade active
Support zone retestTrade active
Small correction and retest of the intermediate support level🌹TRADING is a CASINO💔!?
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🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
Disclaimer
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.