To Moon or not to moon?
- 86765 is perfect buy zone; Has plenty of support from the kijun MA, SAR and previous bounce zone. The rising clouds is also a good sign.
- 89620 is the BB median value and a point of previous rejection. The presence of RSI bearish divergence before the rejection also adds weight to this number.
- Presentation of two scenarios using juxtaposition of past iterations of BTC price cycle.
(A) Case where resistance is shattered.
(B) Case where resistance deflects and support does not hold.
- 89620 is the BB median value and a point of previous rejection. The presence of RSI bearish divergence before the rejection also adds weight to this number.
- Presentation of two scenarios using juxtaposition of past iterations of BTC price cycle.
(A) Case where resistance is shattered.
(B) Case where resistance deflects and support does not hold.
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.