B I T C O I N | support areas
Updated
Regarding to Bitcoin,
In my opinion we are currently standing on a solid support between 58k and 60k.
If we were to dip under 58k, next targets would be:
53-52k
but the most important zone and MUST NOT close weekly under it is 50k - 46k area.
SUMMARY:
- In daily frame 60k should hold and closing below it is negative.
- In weekly frame Bitcoin mustn't close under 46k, below it is totally bad for all the market.
There are available trades to enter on Related Ideas section
In my opinion we are currently standing on a solid support between 58k and 60k.
If we were to dip under 58k, next targets would be:
53-52k
but the most important zone and MUST NOT close weekly under it is 50k - 46k area.
SUMMARY:
- In daily frame 60k should hold and closing below it is negative.
- In weekly frame Bitcoin mustn't close under 46k, below it is totally bad for all the market.
There are available trades to enter on Related Ideas section
Trade active
#BTCLooks like BTC has formed a double bottom.
We could see a bullish bounce here after:
- break above the falling wedge.
- RSI became above 50%
Trade active
Trade closed: target reached
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