BTC closed the weekly candle at the lowest level since Nov 2020.
The recent previous candle close that has acted as support and a buying range may now flip and become resistance and a selling point. The range is identified in the ORANGE zone.
I see BTC testing previous yearly low for buyers, if none are found, then a stop loss hunt will begin to push price to lower.
Good Luck
The recent previous candle close that has acted as support and a buying range may now flip and become resistance and a selling point. The range is identified in the ORANGE zone.
I see BTC testing previous yearly low for buyers, if none are found, then a stop loss hunt will begin to push price to lower.
Good Luck
Note
See, that orange band is resistance now. Flipped from being support. I expect that after today's candle close, BTC price could dive down looking for buyers. 18,500 is important to hold, or BTC will test new lows, much like SPX did today.
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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.