Hello Community!
When looking at the Daily TF, we can see BTC/USD has been on a strong bullish trend over the past few weeks. The trend line shown has acted as accurate support throughout this climb. I believe bitcoin is on its way back to test the previous highs but it will take a few more weeks to do so. Along the way, there will be corrections and I'm assuming the next big correction might be on its way if this trend line is broken decisively. On the map, I'm showing the next major S/R zones and the percentage gains for whoever is looking to stay long or go short after the trend line is broken. Keep in mind the RSI is showing lower highs and the MACD is forming a bearish cross. Let's see how this plays out.
Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and share your thoughts!
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
When looking at the Daily TF, we can see BTC/USD has been on a strong bullish trend over the past few weeks. The trend line shown has acted as accurate support throughout this climb. I believe bitcoin is on its way back to test the previous highs but it will take a few more weeks to do so. Along the way, there will be corrections and I'm assuming the next big correction might be on its way if this trend line is broken decisively. On the map, I'm showing the next major S/R zones and the percentage gains for whoever is looking to stay long or go short after the trend line is broken. Keep in mind the RSI is showing lower highs and the MACD is forming a bearish cross. Let's see how this plays out.
Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and share your thoughts!
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins