$BTC #BTC As expected struggling at $28,298-$28,590, current support remains at $27,478. Requires to gain $27,994 support to retest. Last 4H closed bearish, but 1D close looks good. Watch S/R
$BTC #BTC $27,478 support in effect, took $27,994 during the weekend, $28,298-$28,590 resistance in effect. Expect struggle at $28,298-$28,590 as it has been support since May '22 and testing for the first time since then, taking $28,781 support will bring chance to test $30,623
$BTC #BTC $25,336 tested as expected and broke, $26,333 resisted last climb, but holding given support at $24,690 with a chance to retest. 1D close bearish pin bar, needs to hold $24,690 support.
$BTC #BTC brokeout $22,750 and regained $23,713 support, $24,690 resistance in effect. Last 1D closed very good following thru previous daily close. Current support $24,129, $25,336 retest highly likely if regained $24,690 support.
$BTC #BTC struggling at $21,790 resistance area to gain support, $22,379 key resistance remain strong. $21,452 support in effect as of now. $21,299-$21,056 next support range if breaks current support, Continue watching S/R
$BTC #BTC broke key support at $23,197 nosediving below $22,379, currently trying to regain $22,379. Last 4H mighty bearish, $21,791 current support. $22,379 support could come in effect.
$BTC #BTC Steadily moving in given range of $23,197-$23,713. Bullish engulfing on last 4H close, current 4H just opened if followed thru expect $23,713 test. Daily close above $23,500 will put bullish engulfing on 1D time-frame. Crucial to hold $23,197 support.
$BTC #BTC $23,197 support holding, $23,713 resistance remain in effect. Broke below $23,479 support. Failed to follow thru on bullish engulfing from Sunday. Continue watching given S/R
$BTC #BTC $22,750 key support tested during the weekend. $23,713 resistance in effect currently testing, $23,479 current support. Bullish engulfing on 1D close. Requires follow up from today's close.
BTC price has been moving in the consolidation zone for 8 days.
If we consider the swing from 31st Dec 2022 - 2nd Feb 2023, the price has followed Fibonacci Retracement with the price bouncing back after reaching the 0.618 retracement level. Any upswing can push the price to the 30k level.
Note:
Note: Studies are for educational purposes only.
We will not be...
$BTC #BTC Broke $24,129 support, testing $23,713 which held, regained $24,129 support $24,690 initial resistance. Last 1D closed with bullish hammer, could put bullish engulfing with today's close. Continue watching given S/R
$BTC #BTC Lost $24,690 support, currently testing $24,129 support. Current 4H candle following up on Bearish engulfing on last 4H close. $24,129 key support to hold.
$BTC $BTC regained $24,690 support, retesting $25,095. 1D closed with bullish engulfing requires follow up from today's close. Crucial to hold $24,690 support. Continue watching given S/R
$BTC #BTC $23,479 key support held as expected, $24,690 resistance testing. $24,129 support remains untested yet. Bullish engulfing on last 1D close, requires follow up from today's close. Regaining $24,690 will bring $24,969 reattempt. Weekend is here with bullish engulfing👀👀
$BTC #BTC brokeout $24,129 resistance area, $24,969 resistance holding. Testing $24,690 support. DOJI played out with amazing follow up on 1D. Last 1D close hella bullish. $24,690 support yet to be gained if broke $24,129 could be test which will be crucial to hold as a support.
$BTC #BTC Yes! Doji on 1D played out with follow up from last 1D close, $22,379 resistance rejected. $21,791 support yet to be tested. Requires to take $22,750 support to resume the climb.
$BTC #BTC $21,452 retested, DOJI on last 1D close looks very good, requires follow up from current daily close. $21,791 resisting hard. Continue watching given S/R areas.
