RACEACEACE #BITCOIN LONG 6916 - 7379
I believe the bulls are about to make a move.
Support is at 6482
Resistance: 6916, 7168, 7379
The price has not yet hit 6916 resistance, and I believe it is consolidating at the moment.
Please note: If the price advances above 6916, watch for a VIOLENT REJECTION AT 7168. A VIOLENT REJECTION AT 7168 would imply a larger down movement and an end to the uptrend.
This update is due to a change in my S/R calculation. Always use confluence from your own t.a.
Stay safe!
Support is at 6482
Resistance: 6916, 7168, 7379
The price has not yet hit 6916 resistance, and I believe it is consolidating at the moment.
Please note: If the price advances above 6916, watch for a VIOLENT REJECTION AT 7168. A VIOLENT REJECTION AT 7168 would imply a larger down movement and an end to the uptrend.
This update is due to a change in my S/R calculation. Always use confluence from your own t.a.
Stay safe!
Note
UPDATED S/R.
I believe the next top is at 11614 - if the price can get above 7168
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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.