Here is an update to our previous post: 
Zoom into the lowertime frame (1H) here is a zoomed in look at what is going on. Right now BTC just tested the trendline we pointed out in the last post. As you can see we have many touchpoints of support on this trendline (green arrows). Very important to monitor BTC's price action around this trendline.
If price is to lose this level then we would want to watch our fib target of $103k. If price can continue to hold it as support then a move back to test the red trendline is likely.
Zoom into the lowertime frame (1H) here is a zoomed in look at what is going on. Right now BTC just tested the trendline we pointed out in the last post. As you can see we have many touchpoints of support on this trendline (green arrows). Very important to monitor BTC's price action around this trendline.
If price is to lose this level then we would want to watch our fib target of $103k. If price can continue to hold it as support then a move back to test the red trendline is likely.
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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.
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.