BTC: The beginning of a rebound.
Hello everyone,
Here’s a quick and simple breakdown of the key support and resistance zones.
Below are the reasons why these zones have been selected:
✔️ Support Zone 1. ($53,329.5 ~ $52,372.5)
✔️ Resistance Zone 1. ($55,969.0 ~ $55,499.6)
✔️ Resistance Zone 2. ($58,218.0 ~ $57,348.7)
There's a strong likelihood of significant price action within these zones, either as support or resistance. Keep a close eye on Bitcoin’s movement in these areas. Best of luck!
*S/R Flip: Support/Resistance Flip
Here’s a quick and simple breakdown of the key support and resistance zones.
Below are the reasons why these zones have been selected:
✔️ Support Zone 1. ($53,329.5 ~ $52,372.5)
- Descending channel
- Fibonacci 0.786 retracement
- Significant low (S/R Flip)
✔️ Resistance Zone 1. ($55,969.0 ~ $55,499.6)
- Fibonacci 0.236 retracement
- Significant low (S/R Flip)
✔️ Resistance Zone 2. ($58,218.0 ~ $57,348.7)
- Fibonacci 0.382 retracement
- Significant low (S/R Flip)
There's a strong likelihood of significant price action within these zones, either as support or resistance. Keep a close eye on Bitcoin’s movement in these areas. Best of luck!
*S/R Flip: Support/Resistance Flip
- This is not a buy or sell recommendation.
- It is a personal perspective and should be used for reference only.
- All decisions and responsibilities lie with you.
Note
🔥New Update!
The price has reached the "Resistance Zone 2"!
Congratulations!
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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.
Related publications
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.