Hello Traders,
33000 to 33150 have been acting as a supply zone for Bitcoin for a long time. You can see a dynamic resistance on the 4 hour chart, which is also shown in the chart. The last 3 times the price was correct from there. Supply Zone and Dynamic Resistance are broken. Hope for a good upmove from here. The volume of the breakout candle has also increased, which gives a little more confidence.
Apart from this head & shoulder pattern and pole & flag pattern are also seen on the chart.
Strategy: Buy 33150-33000(Wait for Pull back)
ADD more@32600-32700
SL:31900
Target:34400/35500
Consult your financial advisor before taking any action.
Educational purpose only.
You can ask your question in the comments.
33000 to 33150 have been acting as a supply zone for Bitcoin for a long time. You can see a dynamic resistance on the 4 hour chart, which is also shown in the chart. The last 3 times the price was correct from there. Supply Zone and Dynamic Resistance are broken. Hope for a good upmove from here. The volume of the breakout candle has also increased, which gives a little more confidence.
Apart from this head & shoulder pattern and pole & flag pattern are also seen on the chart.
Strategy: Buy 33150-33000(Wait for Pull back)
ADD more@32600-32700
SL:31900
Target:34400/35500
Consult your financial advisor before taking any action.
Educational purpose only.
You can ask your question in the comments.
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.