Drop a like if this helps you out :)
Trade Idea: Long retest of support of 11500 as price broke supply resistance on a daily time frame
Reasons for trade:
1. Just broke daily supply resistance with volume expansion
2. Daily 89 SMA sitting at 11 500 ( extra support level )
3. previous resistance should now be support zone
Trade confidence: 7.5/10
RR: 6,42 with 6,21% gain
Warnings: if traditional markets decide to turn down Bitcoin will follow
Trade Idea: Long retest of support of 11500 as price broke supply resistance on a daily time frame
Reasons for trade:
1. Just broke daily supply resistance with volume expansion
2. Daily 89 SMA sitting at 11 500 ( extra support level )
3. previous resistance should now be support zone
Trade confidence: 7.5/10
RR: 6,42 with 6,21% gain
Warnings: if traditional markets decide to turn down Bitcoin will follow
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.
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.