Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
There're plenty of important lines into Daily TF on $BTC's chart.
On this chart I wanted to share the lines that can makes $BTC's movement bullish or neither more bearish .
As you can see there's a S/R line located at $42000. Based on classical data we have, If we get any weekly close below this line ($40900); Then $BTC might head to the lower supports located near to $35650.
If $BTC lose the support there, Then the next stop will be near above on $28800. Which is protecting the bullish bias of current cycle.
🔴 In any terms of losing $28800's support; The next stop will be at $19900 bullish order-block and the S/R line Which is also covered the electricity cost of $BTC's mining.
In this scenario; I'll located my long-term buy zones on $19900 and $12000.
- You may as your self Why $35650 is the most important line between mentioned pivotal lines ?
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
There're plenty of important lines into Daily TF on $BTC's chart.
On this chart I wanted to share the lines that can makes $BTC's movement bullish or neither more bearish .
As you can see there's a S/R line located at $42000. Based on classical data we have, If we get any weekly close below this line ($40900); Then $BTC might head to the lower supports located near to $35650.
If $BTC lose the support there, Then the next stop will be near above on $28800. Which is protecting the bullish bias of current cycle.
🔴 In any terms of losing $28800's support; The next stop will be at $19900 bullish order-block and the S/R line Which is also covered the electricity cost of $BTC's mining.
In this scenario; I'll located my long-term buy zones on $19900 and $12000.
- You may as your self Why $35650 is the most important line between mentioned pivotal lines ?