$BTC Analysis
The price has been -9% down in a matter of days, after reaching a new mid-term lower low of $58,017
The $57930.00 - $56730.00 Decent support has been found around this area, meaning that we could build up short-term bullish momentum from here, enough for a couple of higher leverage shorter-term scalps.
The most important level, for now, has become $60,638 which was just turned into resistance and should be broken to the upside in the next few days to prevent further downside.
Up Probability: 42% - Down: 58%
--------------------
Closely watching the market for both long and short scalping entries on higher leverage. Spot long positions should be benefited greatly by our last move, as it gives us a chance to average down on them before a stronger move.
As always, stay safe brothers!
--------------------
Best Regards, iSmashProfit™
The $57930.00 - $56730.00 Decent support has been found around this area, meaning that we could build up short-term bullish momentum from here, enough for a couple of higher leverage shorter-term scalps.
The most important level, for now, has become $60,638 which was just turned into resistance and should be broken to the upside in the next few days to prevent further downside.
Up Probability: 42% - Down: 58%
--------------------
Closely watching the market for both long and short scalping entries on higher leverage. Spot long positions should be benefited greatly by our last move, as it gives us a chance to average down on them before a stronger move.
As always, stay safe brothers!
--------------------
Best Regards, iSmashProfit™
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.