In my Monday analysis, I said that Bitcoin corrected to the support zone and this drop could offer us a good buying opportunity.
Indeed, after diving into this support zone, the price reversed and now is trading back above 22k.
Although this support is now confirmed as a strong one, for momentum gaining bulls need to break above the 22500 zone which provides now confluence resistance.
In such an instance the previous 24k zone is exposed.
I maintain my buy trade as long as 21k is intact
Indeed, after diving into this support zone, the price reversed and now is trading back above 22k.
Although this support is now confirmed as a strong one, for momentum gaining bulls need to break above the 22500 zone which provides now confluence resistance.
In such an instance the previous 24k zone is exposed.
I maintain my buy trade as long as 21k is intact
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.