BitcoinUpdated BTCUSD - 40k Resistance
Hello Traders
From the technical indicators, 40k is our next stop.
We have a big supply zone/ resistance at 40k. It is unusual for a short squeeze to lead to a complete reversal, but let's not fight the trend for now.
Usually what happens after a short squeeze is FOMO buying in, which results in a "bull-trap".
Thanks for watching,
BlockTechEv
From the technical indicators, 40k is our next stop.
We have a big supply zone/ resistance at 40k. It is unusual for a short squeeze to lead to a complete reversal, but let's not fight the trend for now.
Usually what happens after a short squeeze is FOMO buying in, which results in a "bull-trap".
Thanks for watching,
BlockTechEv
Note
New update available on BTC since our retest of 40K.
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
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.