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MMBTtrader
Aug 23, 2021 7:34 PM

BTCUSD finally received strong resistance and pressure of 50Kย Short

Bitcoin / United States DollarCoinbase

Description

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The main resistance zone pressure is started and we prices like 51500 are now strong and important number if reaches, because as you can see our range zone based on this (0.61% of Fibonacci retracement level).

If we have a breakout here to the upside then the price can easily continue pumping and reaching previous ATH or even 80K and ...

Targets and supports ahead:
A. 46000$
B. 44000$
C. 40000$

DISCLAIMER: ((trade based on your own decision ))
<<press like๐Ÿ‘ if you enjoy๐Ÿ’š>>
Comments
NickelOak
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Nice chart! Looking at the 1D chart, the bearish divergence with RSI and Stochastic RSI makes me think current resistance is likely to hold.
sakis_ikr
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There is no volume...explain that! It will pop soon, right?
UnknownUnicorn8215487
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good work +1
graphbullS
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Good idea, Thank you for sharing mate
CobraVanguard
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Loving it ๐Ÿ‘๐Ÿผ
KlejdiCuni
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Great work my friend!
VincePrince
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Interesting perspective.
Future_Trading
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very post amazing
jazerbay
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Thank you for sharing,

Nice possible pathways๐Ÿ“ˆ๐Ÿ“‰๐Ÿ“Œ
Signal_Forex
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Amazing no idea
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