💎BTC/USD🌴FREE UPDATE🌴
- Yello ladies and gents🍾😎
💎Yesterday, Bitcoin saw a second bounce from the 11,100$ support area discovered by ParadiseTeam.
💎As predicted in the last FREE update, BTC was grinding up after first bounce, broke 20MA weak resistance (yellow line), but got rejected around our strong resistance area peaking at 11,600$. BTC is now again approaching this resistance zone (previously support) at around $11,600-11,700$.
💎We must see a daily candle close above $11,800 to confirm a trend reversal.
💎Today Gold broke-out, with Gold-BTC correlation things looks good; however, until BTC closes above 11,800$, we need to be aware that BTC can correct further; if breaks beneath 11k, we will get a stronger sell signal with projected target around $10,500.
💎So far, BTC failed to close below $11,300 & seems to be forming a base. No major lows have been made, so this is still technically an uptrend, and our bias remains still quite bullish.
- Yello ladies and gents🍾😎
💎Yesterday, Bitcoin saw a second bounce from the 11,100$ support area discovered by ParadiseTeam.
💎As predicted in the last FREE update, BTC was grinding up after first bounce, broke 20MA weak resistance (yellow line), but got rejected around our strong resistance area peaking at 11,600$. BTC is now again approaching this resistance zone (previously support) at around $11,600-11,700$.
💎We must see a daily candle close above $11,800 to confirm a trend reversal.
💎Today Gold broke-out, with Gold-BTC correlation things looks good; however, until BTC closes above 11,800$, we need to be aware that BTC can correct further; if breaks beneath 11k, we will get a stronger sell signal with projected target around $10,500.
💎So far, BTC failed to close below $11,300 & seems to be forming a base. No major lows have been made, so this is still technically an uptrend, and our bias remains still quite bullish.
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🫳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
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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.