BTC/USD by CryptoTradersWW
Price is moving within a broader wedge pattern, similar to other coins, with equal touches of support and resistance so far.
Currently, the price is bouncing off a daily level of support that, if broken, increases the likelihood of a drop to rising support.
The bullish case for the price is if it reclaims 40k as support, which would indicate that a move higher is more plausible.
As a side note, both the up and down moves were swift, implying that the return to these levels would be just as swift.
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☑️ Create a civil and healty discuss in the comments and share with me your thoughts
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Currently, the price is bouncing off a daily level of support that, if broken, increases the likelihood of a drop to rising support.
The bullish case for the price is if it reclaims 40k as support, which would indicate that a move higher is more plausible.
As a side note, both the up and down moves were swift, implying that the return to these levels would be just as swift.
<---------------------------->
☑️ Follow, Comment & Like
☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!
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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.