BITCOIN: NOT GIVING UP!
Hello traders, welcome to this BTC update.
Timeframe: 8 hours.
Recap: In my previous update, I mentioned 21k to be an important support for BTC in lower TF. And if it manages to stay above the support, we can expect a good rally on BTC.
Update: BTC is still in the same zone ranging between 21k to 21.6k. It has not shown a significant pump but it is still above the support level. So far, BTC is doing good and the only resistance I can see is the 21 MA close to 22k. If BTC manages to break through it then things will be interesting.
Conclusion: I have accumulated BTC at the support level. Let us see how the market plays out. If BTC breaks below the 21k then I will exit major positions and then buy back at the lower levels.
What's your strategy for the upcoming BTC move? Do you expect a rally or a dump? Do share your ideas.
Trade safely.
Timeframe: 8 hours.
Recap: In my previous update, I mentioned 21k to be an important support for BTC in lower TF. And if it manages to stay above the support, we can expect a good rally on BTC.
Update: BTC is still in the same zone ranging between 21k to 21.6k. It has not shown a significant pump but it is still above the support level. So far, BTC is doing good and the only resistance I can see is the 21 MA close to 22k. If BTC manages to break through it then things will be interesting.
Conclusion: I have accumulated BTC at the support level. Let us see how the market plays out. If BTC breaks below the 21k then I will exit major positions and then buy back at the lower levels.
What's your strategy for the upcoming BTC move? Do you expect a rally or a dump? Do share your ideas.
Trade safely.
coincall.com/r/43438887
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
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.