$BTCUSD - Watch this rejection closely
Hi guys! 👋🏻
🔔 Currently watching this rejection from the dynamic support of the uptrend channel, which was tested as resistance
🔔 There is a strong support at $46300. If that support is overtaken, the price may fall deeper to $43800 and $42500.
🔔 Although, if the support withholds, we can expect a jump to 51.2K and 53K. CME BTC futures expiry are set for August 28, after which the overall crypto-market should normalize. RSI and MACD are bullish, hence just wait for the right time.
🔔 The Jackson Hall conference also drives volatility in the market, I highly recommend you to watch for the DXY as since the beginning of the conference BTC was following the DXY.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Currently watching this rejection from the dynamic support of the uptrend channel, which was tested as resistance
🔔 There is a strong support at $46300. If that support is overtaken, the price may fall deeper to $43800 and $42500.
🔔 Although, if the support withholds, we can expect a jump to 51.2K and 53K. CME BTC futures expiry are set for August 28, after which the overall crypto-market should normalize. RSI and MACD are bullish, hence just wait for the right time.
🔔 The Jackson Hall conference also drives volatility in the market, I highly recommend you to watch for the DXY as since the beginning of the conference BTC was following the DXY.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
_________________________________
🤖 Get 20% fee cashback on CoinW with this link - coinw.com/frontweb/invitePublicity?r=azizelliott
Related publications
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.