On daily chart after getting support on falling wedge, it went up and broken upper line but got rejected by mid term trendline coming from the recent top at 10k.
To go up price need to cross that red line and get support on it or stay above. Price is facing strong resistance at the moment.
Keep an eye on trend lines and horizontal support and resistances, price is expected to moves between them so trades can be taken around them using proper stop loss.
Lets have a look on 4 hour chart:
To go up price need to cross that red line and get support on it or stay above. Price is facing strong resistance at the moment.
Keep an eye on trend lines and horizontal support and resistances, price is expected to moves between them so trades can be taken around them using proper stop loss.
Lets have a look on 4 hour chart:
Trade active
On 4 hour chart the story is same, need to cross 6500 to go up. Price is above the pivot so we can expect a bullish day till the price stay above the pivot at 6250.
Trade active
On 15 mins chart, it has broken support at 6380, Next support around 6300 if this does not come back soon.Trade active
See how it is paying between our lines, highly accurate. Rejected by 6435 twice and 4 times at 6414 and then fell below 6381. If you look at yellow lines, a flag is building, crossing it up or down will decide next bigger move.If you like my work, hit thumbs up button just below right bottom corner of top most chart on this page. Goto my profile and follow me for future updates , Share with friends for more accurate updates .
Trade active
You can see BTC respecting our lines , again it got rejected at 6435, it tried to break the flag upper line but retest was not successfull, remember always wait for confirmation to enter trade, if you shorted at 6435, you made some profit now. Always keep in mind those lines.Note
Looks like BTC moving in a channel, check yellow lines:Note
See how nicely it is playing between our lines . Keep in mind all lines.Note
And again, falling channels upper line was broken but price got rejected where we had red line and R1 line. See how good these lines are working, we can setup and plan your trades according that:Note
See again, got support on S1 line . If you like my work, share with friends and save them from loss. Note
And again , got rejected by 6380 line and now facing resistance by pivot. Share will friends .Note
And again, getting rejected by 6666 . Note
Still following our lines? You must be making profit, check closely:Note
And again. Got support where we had 6483 line and S1 line:
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.
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.