I extended the parallel Channel (Purple Lines) from last week that BTC followed. Possible Pivot Points are the Fibonacci Level 0.786 at 5700$ or the previous resistance at 5400$. For me this is a no Trading Zone.
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I am not a financial advisor nor is any content posted from this account on this website any financial advice.
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I am not a financial advisor nor is any content posted from this account on this website any financial advice.
Note
Getting close to the Double Bottom @6k which is strong support.
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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.