BTCUSD at a key support of a trendline!
After the decline in price that we see today, price is now holding at the ascending trendline that we've placed on the lows from the end of last month.
We've seen how strong the trendlines are many times. That's why we will watch out for price action right now, and is it going to hold there.
In this case we wouldn't suggest to enter buy orders as we have lower highs before that.
That means, if we see price closing below the trendline, we will most possibly see a downside continuation.
The first support is at 31 400!
Follow us for more specific opportunities!
We've seen how strong the trendlines are many times. That's why we will watch out for price action right now, and is it going to hold there.
In this case we wouldn't suggest to enter buy orders as we have lower highs before that.
That means, if we see price closing below the trendline, we will most possibly see a downside continuation.
The first support is at 31 400!
Follow us for more specific opportunities!
Note
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❓ If you got questions: t.me/Semkov
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❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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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.
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.