BITCOIN: STRONG SUPPORT AT $29K.
Updated
Hey guys, I hope that you guys are doing good.
My previous BTC chart got obsolete with the retest level (30.4k) as BTC dropped and close below it. BTC has been rejected from the 32k resistance level and most likely the price can reach the level of 30k or
29K where we have strong support. Most likely, BTC will bounce back from the support and that could be a good level to enter into BTC only if there is a positive confirmation.
If BTC breaks down and closes below the29K support level then our trade setup will get invalidated.
If at all we see some positive bounce then I will keep my target around 32k.
My previous BTC chart got obsolete with the retest level (30.4k) as BTC dropped and close below it. BTC has been rejected from the 32k resistance level and most likely the price can reach the level of 30k or
29K where we have strong support. Most likely, BTC will bounce back from the support and that could be a good level to enter into BTC only if there is a positive confirmation.If BTC breaks down and closes below the
29K support level then our trade setup will get invalidated.If at all we see some positive bounce then I will keep my target around 32k.
Note
BTC Update:
BTC is reaching our entry-level. If there is any positive bounce then
29K to 29.5k will be a good entry-level.I will keep my SL at 27.7k.
Hoping BTC back from the support levels.
coincall.com/r/43438887
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