BTC/USD (New All-Time High?)
💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-Bitcoin hits an All-Time High today after breaking its recent top
-It is not a strong breakout given the fact it is already a 22% increase from swing support
-We have local support of around 18.9k-18.6k dollars
-This is not a key level but a good area if BTC can hold for the next few days
-My only advice is not to FOMO and even short the market
-Because there is no sign of weakness and buying strength is extremely high
-This is not a buying opportunity either
-I'm talking about a swing trading idea (Not scalp or long term)
-Please wait at a good area for potential rebuy
-Provided there is reversal sign
-Or if looking for a counter-trend, wait for a proper break of support
-Before opening a sell position
⚠️Please always read the description before commenting⚠️
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BITSTAMP: BTCUSD
-Bitcoin hits an All-Time High today after breaking its recent top
-It is not a strong breakout given the fact it is already a 22% increase from swing support
-We have local support of around 18.9k-18.6k dollars
-This is not a key level but a good area if BTC can hold for the next few days
-My only advice is not to FOMO and even short the market
-Because there is no sign of weakness and buying strength is extremely high
-This is not a buying opportunity either
-I'm talking about a swing trading idea (Not scalp or long term)
-Please wait at a good area for potential rebuy
-Provided there is reversal sign
-Or if looking for a counter-trend, wait for a proper break of support
-Before opening a sell position
⚠️Please always read the description before commenting⚠️
A big Thanks for donating 💰 via Tradingview coins this week to didogetsov 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
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Telegram Channels
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Inquiry
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➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
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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.