BitcoinUpdated BTCUSD ON THE DAILY
Bitcoin had just hit a new all time high on November 10th, 2021 of $68,789.63. Since then the asset has held its ground and came back down to the 55k area.
We want to see Bitcoin hold the trend line for a continuation of the trend.
-Good placement on the RSI for a bounce off of the trend line
-Currently sitting on a strong zone of horizontal support at $52,920
-0.618 fib-retracement lines up with our trend line
We want to see Bitcoin hold the trend line for a continuation of the trend.
-Good placement on the RSI for a bounce off of the trend line
-Currently sitting on a strong zone of horizontal support at $52,920
-0.618 fib-retracement lines up with our trend line
Trade closed: stop reached
Broke trend line.
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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.