Welcome to this quick update guys BTC needs to break and close above the $54.5k level.
Thought the price did hold the 50k level but we need to get back into the larger channel (the blue one) to be bullish again.
Currently, 21DMA is the resistance level at $53692 and 200D MA support at $53123.
Once we break and close above the 21D MA, THINGS WILL GET BETTER FOR BTC.
Still a no-trade zone for me.
Do hit the like button and share your views in the comment section.
#PEACE
Thought the price did hold the 50k level but we need to get back into the larger channel (the blue one) to be bullish again.
Currently, 21DMA is the resistance level at $53692 and 200D MA support at $53123.
Once we break and close above the 21D MA, THINGS WILL GET BETTER FOR BTC.
Still a no-trade zone for me.
Do hit the like button and share your views in the comment section.
#PEACE
Trade active
Alright, we broke above the 21D MA as of now, the candle closes after 3 hours and 40 minutes, If it closes above this level there's a high probability that we will break this tentative resistance level at $54.5k.Stay tuned I will keep you posted!
Trade active
BTC Update: Retest to 57.5k seems likely once $56k breaks.BTC is now trading under a range of $5000 from $50500 as support to $57.5k as Resistance.
Will avoid trading now, since it's the weekend and most of the coins in futures are already pumped.
BTC Pair coins on the other side are looking very profitable.
I'll post some BTC pair ALT setups soon, Stay tuned.
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Daily Signals:- telegram.me/thecryptorphic
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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.