PolarHusk

BTC/USD (30k-31k Strong Support?)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
💎Technical Analysis Summary💎



BTC /USD

-Bitcoin on the 3D time frame may have found support at the 30k-31k area
-We can see a strong buying presents by the Bulls every time the price enters the demand zone
-This area is a confluence of the 3D 100MA support which has been respected 4x times now
-This is technically a good sign of strength and the Bears are showing weakness
-If this 3D candle closes green and above the support zone
-I think we will have a higher chance of recovering up in the coming days or weeks
-We know the low 30k region has been good trading support last January 2021
-Today, it acts a strong interest for the buyers to step-in
-I can say Bitcoin is safe for now, I'm expecting some Altcoins to start making some move
-I'll update my watchlist and look for potential short term gains
-Keeps safe everyone and thanks for reading my idea! :)




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Comments

@PolarHusk Your "3D 200MA" is at 20k just like my nearest green area level. Funny Coincidence.
+2 Reply
thx bro. you know my view. nothing changed imo. :-)

+1 Reply
thanks 4 update
+1 Reply
PolarHusk MMBTtrader
@MMBTtrader, you are welcome!
Reply
Thanks for sharing.
+1 Reply
PolarHusk KlejdiCuni
@KlejdiCuni, Thanks!
Reply
Which ALTcoins ??
+1 Reply
PolarHusk humzasami8
@humzasami8, I'm sorry, it is private. I can't share it yet.
+1 Reply
GREAT content, thanks mate ;)
Reply
Nice chart ,I see weakness in the bitcoin trend and expect it to fall to lower levels

Reply
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