BTC is fast approaching a key resistance level at $54k! Break it and the bull market returns.
A rejection would be pretty nasty and imply that an ABC correction is happening, meaning we're likely to go back to $40k on leg C.
This resistance is a pretty big one and will define how BTC enters into 2022.
Indicators suggest a bullish bias, but I don't trust this until BTC is above this resistance.
OBV (pink line) appears keen to move above the moving averages, so this is a good sign too.
Lets see what the new year brings! Like and follow if you liked my idea!
A rejection would be pretty nasty and imply that an ABC correction is happening, meaning we're likely to go back to $40k on leg C.
This resistance is a pretty big one and will define how BTC enters into 2022.
Indicators suggest a bullish bias, but I don't trust this until BTC is above this resistance.
OBV (pink line) appears keen to move above the moving averages, so this is a good sign too.
Lets see what the new year brings! Like and follow if you liked my idea!
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
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.