My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share.
Cheers & Happy Trading!
--------------------------------------------------------------------------------------------------------------------------------------------------------
ANALYSIS:
BTC is flexing some of its bullish potential, as it looks to test, and possibly flip the $11.9K to $12.0K as support. From previous observations, BTC likes the number 3, 4, and 5, in which it likes to test/re-test resistance 3 to 5 times before it makes a powerful move to the upside. BTC's largest moves seem to be on the 4th re-test. Therefore, if we can break out the $12.0K resistance, we could see new all-time highs by January. But, I would look for a small correction as we hit these heavily trade levels that could be extremely choppy.
Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share.
Cheers & Happy Trading!
--------------------------------------------------------------------------------------------------------------------------------------------------------
ANALYSIS:
BTC is flexing some of its bullish potential, as it looks to test, and possibly flip the $11.9K to $12.0K as support. From previous observations, BTC likes the number 3, 4, and 5, in which it likes to test/re-test resistance 3 to 5 times before it makes a powerful move to the upside. BTC's largest moves seem to be on the 4th re-test. Therefore, if we can break out the $12.0K resistance, we could see new all-time highs by January. But, I would look for a small correction as we hit these heavily trade levels that could be extremely choppy.
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.