Intermediate support @ 54600
Strong Support @ 52400 (38,2 Fib of recent upswing/50% Fib of correction leg/Lower Pitchfork band/Daily Kijun Sen (Ichimoku equilibrium line-white line))
We might be seeing a whale push today, and the dream level for them is the 52400 level with confluence support
which give a strong push back up.
Any close below the lower band of the pitchfork and a strong close below 52400 on the daily timeframe will likely push price lower
towards previous lows. This may also throw BTC into a longer consolidation phase, or even deeper correction. THese bearish scenarios
are improbable (perhaps less that 15%(
Strong Support @ 52400 (38,2 Fib of recent upswing/50% Fib of correction leg/Lower Pitchfork band/Daily Kijun Sen (Ichimoku equilibrium line-white line))
We might be seeing a whale push today, and the dream level for them is the 52400 level with confluence support
which give a strong push back up.
Any close below the lower band of the pitchfork and a strong close below 52400 on the daily timeframe will likely push price lower
towards previous lows. This may also throw BTC into a longer consolidation phase, or even deeper correction. THese bearish scenarios
are improbable (perhaps less that 15%(
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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.
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.