#XBTUSD #Bitmex #Daily #Tommy - It’s been a quite while since I have TA’d XBT. Here is XBTUSED daily candle. - After successfully breaking above the red box around 10600, XBT has been making higher highs and lows. - Finally, it broke the 12163 and 12340 above, which were the recent previous highs that are considered to be a very significant area by many traders. - Now, we need to make sure if today’s candle can close above those prices. - I am keeping my eye on the short-term major support area around 11960~12160 which recent retest area of the orange down trendline and previous high (pink) overlap. - Furthermore, the blue upward trendline is passing by so I think it is reasonable to bet on this area for long position.
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.