BTCUSD This Resistance is the pivot point. Trade accordingly.
Bitcoin is trading inside a Channel Up that led it straight to the Falling Resistance of July.
Even though it crossed over the MA200 (1d) and Resistance 1 (28175), it is currently struggling to close the candle over them.
Along with the MA100 (1w), which is a Resistance since May 7th 2022, those are your pivot points.
Trading Plan:
1. Sell as long as the (1d) candles close under the Falling Resistance.
2. Buy if it closes over the MA100 (1w).
Targets:
1. 27200 (Channel Up bottom).
2. 30800 (Resistance 2).
Tips:
1. The RSI (1d) is almost overbought near 70.00. This justifies a short term pull back before the break out.
Please like, follow and comment!!
Notes:
Past trading plan:
Even though it crossed over the MA200 (1d) and Resistance 1 (28175), it is currently struggling to close the candle over them.
Along with the MA100 (1w), which is a Resistance since May 7th 2022, those are your pivot points.
Trading Plan:
1. Sell as long as the (1d) candles close under the Falling Resistance.
2. Buy if it closes over the MA100 (1w).
Targets:
1. 27200 (Channel Up bottom).
2. 30800 (Resistance 2).
Tips:
1. The RSI (1d) is almost overbought near 70.00. This justifies a short term pull back before the break out.
Please like, follow and comment!!
Notes:
Past trading plan:
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.