BitcoinLong
Support-Resistance
Good day traders, hope you have all been well. Lets take a look at BTCUSD. As you can see on the chart above we have been quite bullish/long on btcusd and i believe price will continue bullish due to critical technical analysis. However the simplest way to look at it is that price has created it's support and resistance and you know the principle buy at support and sell at resistance, so since price is quite bullish i would advice buying at the support indicated by the blue zone. Use proper risk management.
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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.