BTC/USD (Daily Fib 0.5 Good Support?)

💎Technical Analysis Summary💎


-Despite the recent -10% move of BTC last Friday
-Today, the bulls have managed to regain back above 58k dollars
-This is good news because the key area is being respected
-We have the previous resistance last September 7, Fib 0.5 and 100D Moving Average
-These multiple key factors drive the price back up the previous trading range
-Also, the descending channel is still following the price action
-If we can see a strong bullish breakout plus a good retest
-Bitcoin short term correction might be over and a potential upside move is likely
-I only took 1 trade recently but got stopped out which is part of the game
-Due to bad market conditions, I'm not going heavy on any swing trade yet
-But once the market shows a clear path, I'll start scaling in more position
-I hope most is are following proper risk management recently
-Good luck and stay safe everyone!

⚠️Please always read the description⚠️

Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉

If you need help🙋 don't hesitate to
Send me a message here PolarHusk😊
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱

Telegram Channels
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
➡️ t.me/PolarHusk

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.