BTC Technical Analysis for Day-Trading or Swing Trading
Bitcoin's possible scenario for Day-Trading and Swing Trading
If we would anticipate the price action, this would be the outcome for the following days
Buy Long = BTC price breakouts above EMA 200 and the minor resistance white box which is currently at 41,800ish area
Buy Long = If retest the 41,800 area/ Above 21,50,200 EMA
Sell Short = Breakdown below the support line which is 40,200 area
Sell Short = If it retest 40,200 area and below ALL EMAs
Entry on a 5 min. Chart using VuManChu dots from the WaveTrend
If we would anticipate the price action, this would be the outcome for the following days
Buy Long = BTC price breakouts above EMA 200 and the minor resistance white box which is currently at 41,800ish area
Buy Long = If retest the 41,800 area/ Above 21,50,200 EMA
Sell Short = Breakdown below the support line which is 40,200 area
Sell Short = If it retest 40,200 area and below ALL EMAs
Entry on a 5 min. Chart using VuManChu dots from the WaveTrend
Note
Support breakdown. Currently holding the 38.5k area
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.