Analysis of Support And Resistance
Combining fibonacci retracement levels and recent lowest bottoms , currently there are 3 support levels including $49300, $48000, $46500, and obvisously $51000 is still a strong resistance.
I will add long position at support zone and close part of my long position near resistance zone.
And it's ok to short BTC at $51000 but not for long, considering the bullish market background.
Watch out fake breaks.
Not Financial Advice :)
I will add long position at support zone and close part of my long position near resistance zone.
And it's ok to short BTC at $51000 but not for long, considering the bullish market background.
Watch out fake breaks.
Not Financial Advice :)
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.
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.