Bitcoin / TetherUSUpdated BTC Weekly Chart - Key Levels
Looking at weekly candles on the BTC / USDT chart. This is the basis for knowing the longer term, key levels of support and resistance.
Note
A lot of people are talking about the 53k level. This is because of the strong resistance and support that we've seen there previously. As TraderSZ said so keenly, if the above were a 5 minute or hourly chart, wouldn't we expect it to bounce in that range until a breakout? No different when we're looking at weekly sticks. No need to be scared of a healthy dip.
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.
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.