After a rallying week to $14k, we saw a massive sell-off, which, to be fair was expected so let's not be disheartened by it. A pullback is healthy and necessary to sustain any gains in the markets... and a great opportunity to buy back in at a low price so I welcome them with open arms :)
If the weekly candle closes below $10.7k, this would be confirmation that the bears have taken control and I would expect a breach of $10k.
I have set out target support levels where I would expect a significant bounce from and levels that we are likely to test/reject:
Level 1: $10,000.00
Level 2: $9,200.00
Level 3: $7,350.00
Level 4: $6,000.00
If the weekly candle closes below $10.7k, this would be confirmation that the bears have taken control and I would expect a breach of $10k.
I have set out target support levels where I would expect a significant bounce from and levels that we are likely to test/reject:
Level 1: $10,000.00
Level 2: $9,200.00
Level 3: $7,350.00
Level 4: $6,000.00
Note
LEVEL 1 BREACHED: Price dropped to $9,720.00Note
LEVEL 2 BREACHED: $9200.00 was a great buy zone as BTC was not in the region for very long. It has since formed a double bottom on the daily and is now looking like it may be ready for more. upside!!
Website: ajazelahi.com/
Facebook Group: facebook.com/groups/aefx786
For my signal & fully automated copy-trading services, get in touch @ t.me/Ajaz_Elahi
Disclaimer: I do not take all of the trades I publish.
Facebook Group: facebook.com/groups/aefx786
For my signal & fully automated copy-trading services, get in touch @ t.me/Ajaz_Elahi
Disclaimer: I do not take all of the trades I publish.
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.
Website: ajazelahi.com/
Facebook Group: facebook.com/groups/aefx786
For my signal & fully automated copy-trading services, get in touch @ t.me/Ajaz_Elahi
Disclaimer: I do not take all of the trades I publish.
Facebook Group: facebook.com/groups/aefx786
For my signal & fully automated copy-trading services, get in touch @ t.me/Ajaz_Elahi
Disclaimer: I do not take all of the trades I publish.
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.