BTCUSD has made an new All Time High at 73794 on 11 Mar 2024 weekly candle. The recent major swing low was at 15479 on 21 Nov 2022. Its been a fantastic rise to the new all time highs thereafter. Recently we have attempted to make new highs on 08 Apr 2024 a month after the 11 mar 2024. Again another attempt is being made now at 71958 in this weekly candle. The level on downside to watch was 61403. This level was hit many times in recent past 04 Mar 2024 , 18 Mar 2024 , 08 Apr 2024 , 15 Apr 2024 and 29 apr 2024 with swing low at 56500. This level responds to one of Gann Squares perfectly which gives further levels of 67500 and 78750. On charts the level of 72979 is important. Above which we may go on the next level of 76957. We have a weekly time cycle date coming in at 22 Jul 2024 which will be interesting to watch where we make a ATH till that time. Will it a big dash on the upside needs to be watched.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the program for this opportunity to use it freely to
express our ideas to the community of traders.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the program for this opportunity to use it freely to
express our ideas to the community of traders.