#BTC/USD Update + #Trading
📊 1D-Frame 📉 S & R 📈 Chart Update
Like many stocks markets, #Bitcoin reacted with a dump to the geopolitical situation (The WAR) as we expected.
The price exactly followed our bearish arrow in the FEB 20'th analysis and after confirming the breakdown of the 38000$ support, reached a very critical zone at 33000~34500$.
Reaction to this level will show us the main trend of the next days.
We're close to the broken strong support (short-term) level at 36500$ area and we also have our most important resistances at about 40000$ area.
Turning back above the 36800$ will be a good sign (Double Bottom Pattern) to help the price can start recovering and get ready to try breaking these important levels in the next few days.
Breaking down the 34500~32000$ supportive area will take #Bitcoin to the 32000~26000$ channel!
📊 1D-Frame 📉 S & R 📈 Chart Update
Like many stocks markets, #Bitcoin reacted with a dump to the geopolitical situation (The WAR) as we expected.
The price exactly followed our bearish arrow in the FEB 20'th analysis and after confirming the breakdown of the 38000$ support, reached a very critical zone at 33000~34500$.
Reaction to this level will show us the main trend of the next days.
We're close to the broken strong support (short-term) level at 36500$ area and we also have our most important resistances at about 40000$ area.
Turning back above the 36800$ will be a good sign (Double Bottom Pattern) to help the price can start recovering and get ready to try breaking these important levels in the next few days.
Breaking down the 34500~32000$ supportive area will take #Bitcoin to the 32000~26000$ channel!