Bitcoin trading channels
Simple overview of all channels based on support and resistance.
Red box absolute bottom, 5777 lowest pricepoint and 5900 as a "high bottom" Buy zone for sure as it has touched and bounced this area multiple times already
Every white line is a bigger resistance/support level. I would trade within these channels.
Yellow thin lines are less important levels but can be used for profit taking and lowering risk if you don't wanna play bigger moves.
Red box absolute bottom, 5777 lowest pricepoint and 5900 as a "high bottom" Buy zone for sure as it has touched and bounced this area multiple times already
Every white line is a bigger resistance/support level. I would trade within these channels.
Yellow thin lines are less important levels but can be used for profit taking and lowering risk if you don't wanna play bigger moves.
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.