BTCUSDT UPDATE
BTC has had a really strong run, breaking through 4 resistance levels before beginning to retrace from the 7500 resistance level.
I missed my opportunity to open a short position at the top so am holding now to see which support will hold. Once we see a bounce i will be watching closely again around the 7500 level for a potential short or hopefully it can breakout to head up and test 8000.
Looking for possible support levels at the 38.2 which aligns with a 4 hour support level and the 61.8 which aligns with a daily support level.
I missed my opportunity to open a short position at the top so am holding now to see which support will hold. Once we see a bounce i will be watching closely again around the 7500 level for a potential short or hopefully it can breakout to head up and test 8000.
Looking for possible support levels at the 38.2 which aligns with a 4 hour support level and the 61.8 which aligns with a daily support level.
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.