#BTC/USD Update + #Trading
📊 1D-Frame 📉 S & R 📈 Chart Update
We saw a great bounce with strong volume from our main support area to above the 38000$ trend line which we know is very important support since the previous reactions on the last days of January.
If #Bitcoin manages to consolidate above this trend line until the weekly close, it will be a great sign for increasing the chance of the long-term reversal from this zone.
The most important resistances are still located at about 40000$ area and we're going to retest them.
So, all eye on this important area...
📊 1D-Frame 📉 S & R 📈 Chart Update
We saw a great bounce with strong volume from our main support area to above the 38000$ trend line which we know is very important support since the previous reactions on the last days of January.
If #Bitcoin manages to consolidate above this trend line until the weekly close, it will be a great sign for increasing the chance of the long-term reversal from this zone.
The most important resistances are still located at about 40000$ area and we're going to retest them.
So, all eye on this important area...