💎BTC/USD🌴FREE UPDATE🌴
- Yello😎🥂
💎Previously in Bitcoin FREE update, when BTC was trading at 11500$ we pretty clearly said that we are bullish, since then, BTC pumped to our resistance at 12200$, However it was a fake breakout, because BTC was not able to close a daily candle above the resistance at 12200$, which we mentioned in the previous update that it’s crucial, for us, to see a next leg up, to the resistance area at 13-14k.
💎After that, BTC retraced back to our 20 MA (yellow line), which served as a great LTF support. Naturally we have now formed a new acting support at 11600-11700$. This support is valid unless we see a daily close bellow 11600$.
💎If we close bellow 11600$, we can anticipate some further consolidation towards strong support ~11100$, however, this wouldn't broke the overall bullish trend and should be perceived as a normal correction.
💎Currently, while PA is still holding at these bullish support levels our bias remains BULLISH.
- Yello😎🥂
💎Previously in Bitcoin FREE update, when BTC was trading at 11500$ we pretty clearly said that we are bullish, since then, BTC pumped to our resistance at 12200$, However it was a fake breakout, because BTC was not able to close a daily candle above the resistance at 12200$, which we mentioned in the previous update that it’s crucial, for us, to see a next leg up, to the resistance area at 13-14k.
💎After that, BTC retraced back to our 20 MA (yellow line), which served as a great LTF support. Naturally we have now formed a new acting support at 11600-11700$. This support is valid unless we see a daily close bellow 11600$.
💎If we close bellow 11600$, we can anticipate some further consolidation towards strong support ~11100$, however, this wouldn't broke the overall bullish trend and should be perceived as a normal correction.
💎Currently, while PA is still holding at these bullish support levels our bias remains BULLISH.
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.