WHAT ARE SUPPORT AND RESISTANCE?
BITCOIN IS IN DOWNTREND WE ARE SEEING A GREAT SUPPORT AT 30K TO 33K LEVELS. THAT MEANS INVESTORS/TRADERS ARE HEAVILY BUYING AT THIS ZONE.
THIS DOWNTREND STARTED WHEN INVESTORS STARTED TO BOOK PROFITS ON 65K FOLLOWED BY SOME NEGATIVE NEWS.
THIS RESULTED IN RESISTANCE ZONE AT 65K LEVELS.
LIKE IF YOU GET TO LEARN SOMETHING NEW.
PLEASE COMMENT IF YOU ANY DOUBTS ABOUT THIS CONCEPT.
FOLLOW US FOR MORE EDUCATIONAL IDEAS.
THIS DOWNTREND STARTED WHEN INVESTORS STARTED TO BOOK PROFITS ON 65K FOLLOWED BY SOME NEGATIVE NEWS.
THIS RESULTED IN RESISTANCE ZONE AT 65K LEVELS.
LIKE IF YOU GET TO LEARN SOMETHING NEW.
PLEASE COMMENT IF YOU ANY DOUBTS ABOUT THIS CONCEPT.
FOLLOW US FOR MORE EDUCATIONAL IDEAS.
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.