BitcoinLong
Possible retest areas/scenarios for BTC bulls
Key Takeaway Points:-
1. After testing the top of 1D cloud, we are currently hovering over the Daily 200MA.
2. Possible retest areas would be:
-the previous high on Daily = 42,300USD
-area of confluence with 50MA,89EMA,200EMA on Daily with horizontal support = 38,100USD
3. Mid-term profit-taking target:
-previous breakdown point = 49,100USD
-area of Weekly resistance = 59,000USD
Please DYOR & trade safe out there!
1. After testing the top of 1D cloud, we are currently hovering over the Daily 200MA.
2. Possible retest areas would be:
-the previous high on Daily = 42,300USD
-area of confluence with 50MA,89EMA,200EMA on Daily with horizontal support = 38,100USD
3. Mid-term profit-taking target:
-previous breakdown point = 49,100USD
-area of Weekly resistance = 59,000USD
Please DYOR & trade safe out there!
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.