azizelliott

$BTCUSD - Support withheld for now

Long
azizelliott Updated   
BITSTAMP:BTCUSD   Bitcoin
Hi guys! πŸ‘‹πŸ»

πŸ”” There is a strong support zone at $43000 and $43800 levels which Bitcoin tested and for now keeps above them.

πŸ”” This support area is also backed by EMA50 and MA200. First strong retest is at $48000 if closes above then will reach the $51500.
www.tradingview.com/chart/jEJL4Br1/

πŸ”” Keep in mind that $52900 is a Fibo 0.618 of April 13's correction, so for new highs closing above this level is a must.

✊🏻 Good luck with your trades! ✊🏻
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