BitcoinLong
BTC: Bullish market structure. Support retest before the rally
Bitcoin is declining as localized negative sentiment prevails in the market.
A small shakeout and liquidation will allow the big player to gather liquidity faster before further growth
I'm keeping an eye on areas such as:
Rising support line
Support 64589
Support 66500
Strong moves are much easier to stop than if price approaches support slowly. Accordingly, the most probable scenario is a rebound in the form of a false breakdown
These zones are a pool of huge liquidity and a false breakdown could be formed at the low before price heads towards 71566 with a view to breakout and further rise towards 80K
A small shakeout and liquidation will allow the big player to gather liquidity faster before further growth
I'm keeping an eye on areas such as:
Rising support line
Support 64589
Support 66500
Strong moves are much easier to stop than if price approaches support slowly. Accordingly, the most probable scenario is a rebound in the form of a false breakdown
These zones are a pool of huge liquidity and a false breakdown could be formed at the low before price heads towards 71566 with a view to breakout and further rise towards 80K
❤️ Telegram channel: t.me/AndeWave
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.
❤️ Telegram channel: t.me/AndeWave
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.