3 areas of value acting as resistance for BTC. Has to reclaim the trendline as support, and also start trading above the EMAs for me to be comfortable opening longs. This area of 46800-46600 is holding support for now, and I have DCAd into BTC in spot. Next area of obvious support is 45K (psychological level too), and 44000
One broke support of the channel it was trading in. Daily close above it is a positive sign. If it doesnt close below, could dump to test marked support levels, with the most important one being the 0.382 fib level. If price respects that level, could be a good place to add more One to your portfolio/ open longs. But always keep an eye on BTC. Market is choppy, so...
BTC dumped from the 0.618 fib level at close to 50,500 as expected, and the 0.5 fib level is now acting as support. Confirmation of support there could be a good place to open longs with a tight SL, or DCA into BTC. The lower trendline acting as support is also crucial for the short term. Will be monitoring price at marked S/R as well as Fib levels.
Marked candle was my entry trigger to go long, (Hammer at trendline). Will monitor price and volumes when it touches the trendline resistance marked. If it pushes through with good volume will hold onto trade. If bearish candle forms on 15 min tf will close trade and book profit
Lower trendline was resistance and now acting as support. Hoping for bullish close above upper trendline. If price rejection at upper end, will look to go short till lower trendline with small stop loss.
ANKR retouching trendline support and bouncing off it. There could be a 7% scalp trade within the triangle pattern. If price closes above the horizontal resistance on the 4H, and tests it as support on the 1H, I will look to go long with SL below the trendline