BTC - Accumulation on macro level looks good so far.
Current rounding bottom is looking very strong
Red lines are resistance points that i expect to be respected and stop a rally or give support once broken
DO NOT TRADE UNLESS YOU AGREE WITH MY TA, I'M NOT AN EXPECT AND THIS IS NOT FINANCIAL ADVICE!
MAKE SURE YOU HAVE GOOD RISK MANAGEMENT FOR A LONG TERM PROFIT!
Current rounding bottom is looking very strong
Red lines are resistance points that i expect to be respected and stop a rally or give support once broken
DO NOT TRADE UNLESS YOU AGREE WITH MY TA, I'M NOT AN EXPECT AND THIS IS NOT FINANCIAL ADVICE!
MAKE SURE YOU HAVE GOOD RISK MANAGEMENT FOR A LONG TERM PROFIT!
Note
Red box functions as resistance in this current trading range.
If you are bearish short term you ideally want to put a short order on that level.
If you are bullish: do not trade with high leverage in this current trading range unless you can get an entry at support levels
Note
Playing around, wouldn't suprise me to get to this point to form a rising wedge and busting against the macro bearish downtrend line
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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.