TradingView
Stargazer_fx
Mar 25, 2022 4:12 PM

Bitcoin - possible correction before more bullish continuation Long

Bitcoin / U.S. dollarBitstamp

Description

BTCUSD
price after reaching resistance around $45,000 rejected from the area, and price is supported by ascending trendline, currently price is between support around $42,000 and resistance around $45,000, price may start a correction for sometime from resistance before making a breakout of resistance or support, my bias is bullish as price is above support is trendline, if price breaks below the support and trendline, the bias may change, for now I suggest we should wait for the price to correct towards the support wait for the price to break above resistance to take entry.










Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Comments
Fanaticals
It's fifth time bounce/rejected from this level (45K Resistance).
CobraVanguard
I like you're idea
Underground_trader
great job mate
JoyBoyVegae
Bearish are stronger
Stargazer_fx
@Richburst9, imo if price breaks below the support and trendline, then only it will be bearish
More