Hi, guys!
In this chart, I want to share with you the most important Support and Resistance levels that necessary to know regardless how things will unfold.
At first of all, I want to bring your attention to the inverse H&S that I called a week ago. It keeps forming but with a little delay. Smaller INV H&S already was executed, target reached and we are heading to the right shoulder of large inv H&S.
We just broke a short time resistance at $6220 which for me was a reversal/buy confirmation, but I've been greedy and scooped some at 6050 and 5950 without confirmation because it was the level of the strongest support that BTC ever has, and it would be unforgivable to miss it.
Now, look at the support/resistance levels. This is key levels that we should keep an eye on to don't sell the support and buy resistance, as many folks like to do.
Thiknes of this levels is calculated very accurately, so, don't disregard it, the thickness is different for a reason! Level can't be considered as broken without complete penetration of the level.
My target ATM is 7600 where we will meet a very strong downtrend line that showed brutal resistance three times in a row. If for any reason that level will be broken, resistance at 9k will be a confirmation of the big move up to $13500. Of course, we will need to deal with all resistance levels that you see on the chart on the way up, so keep this chart close to check up later on, or mark this levels on your own.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
In this chart, I want to share with you the most important Support and Resistance levels that necessary to know regardless how things will unfold.
At first of all, I want to bring your attention to the inverse H&S that I called a week ago. It keeps forming but with a little delay. Smaller INV H&S already was executed, target reached and we are heading to the right shoulder of large inv H&S.
We just broke a short time resistance at $6220 which for me was a reversal/buy confirmation, but I've been greedy and scooped some at 6050 and 5950 without confirmation because it was the level of the strongest support that BTC ever has, and it would be unforgivable to miss it.
Now, look at the support/resistance levels. This is key levels that we should keep an eye on to don't sell the support and buy resistance, as many folks like to do.
Thiknes of this levels is calculated very accurately, so, don't disregard it, the thickness is different for a reason! Level can't be considered as broken without complete penetration of the level.
My target ATM is 7600 where we will meet a very strong downtrend line that showed brutal resistance three times in a row. If for any reason that level will be broken, resistance at 9k will be a confirmation of the big move up to $13500. Of course, we will need to deal with all resistance levels that you see on the chart on the way up, so keep this chart close to check up later on, or mark this levels on your own.
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
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.