BTC Trade Idea
Initial guess: price will probably drop from 42k and stay within range of 42-35k
drew gann box to measure size of moves
-moves in blocks of 10k
*a breakout today would lead to a movement to approx. 52k
-middle trendline down (believe to be first drawn), copied and positioned above and below-fits well describing overall movement
--current price at significant resistance
-FIB and Gann support at 35.2
-positive recent divergence in RSI
BUY: 35 and 31
BUY: 48.5, 49.7, 55.5 with supporting evidence
drew gann box to measure size of moves
-moves in blocks of 10k
*a breakout today would lead to a movement to approx. 52k
-middle trendline down (believe to be first drawn), copied and positioned above and below-fits well describing overall movement
--current price at significant resistance
-FIB and Gann support at 35.2
-positive recent divergence in RSI
BUY: 35 and 31
BUY: 48.5, 49.7, 55.5 with supporting evidence
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.