BitcoinUpdated BTC/USD (Support Found?)
💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-Bitcoin found support at the previous resistance area around 16.5k-16.2k dollars
-It also formed a double bottom retested the recent support twice
-The price started moving higher and it is now challenging the 0.5 Fib resistance
-This is crucial for BTC if the Bulls wants to continue higher and remain bullish
-Bitcoin has to break above and hold the area of 0.5 Fib level
-If it can maintain around 18k dollars for at least 1-3 days
-We can increase the probability to retest the recent swing top at 19.5k dollars
-We are only talking about probabilities in every price action we can see
-Always plan your trade and follow proper risk management
⚠️Please always read the description before commenting⚠️
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BITSTAMP: BTCUSD
-Bitcoin found support at the previous resistance area around 16.5k-16.2k dollars
-It also formed a double bottom retested the recent support twice
-The price started moving higher and it is now challenging the 0.5 Fib resistance
-This is crucial for BTC if the Bulls wants to continue higher and remain bullish
-Bitcoin has to break above and hold the area of 0.5 Fib level
-If it can maintain around 18k dollars for at least 1-3 days
-We can increase the probability to retest the recent swing top at 19.5k dollars
-We are only talking about probabilities in every price action we can see
-Always plan your trade and follow proper risk management
⚠️Please always read the description before commenting⚠️
A big Thanks for donating 💰 via Tradingview coins this week to didogetsov 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
Trade closed: target reached
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Telegram Channels
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
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.