Sharing my personal view on the BTC bullish support levels, always do your own analysis!
The first 3 support levels are going to be crucial for a remaining Bullish BTC ride and can still be considered as a "healthy" pull back.
Breaking the support levels one by one will indicate a higher risk that this bull cycle is coming to an end.
Remaining bullish above support level 1 & 2.
Breaking the 44,8 zone line would set my investment strategy to neutral.
This means tighten stop limits to close trades that drop below sub support levels (fib, MA).
Waiting for a market decision before opening up new trades.
Breaking the 39K support zone will indicate a strong potential Bearish downfall and would confirm that we have seen the top for a while on BTC.
Comment to let know if your Bullish or Bearish ..
The first 3 support levels are going to be crucial for a remaining Bullish BTC ride and can still be considered as a "healthy" pull back.
Breaking the support levels one by one will indicate a higher risk that this bull cycle is coming to an end.
Remaining bullish above support level 1 & 2.
Breaking the 44,8 zone line would set my investment strategy to neutral.
This means tighten stop limits to close trades that drop below sub support levels (fib, MA).
Waiting for a market decision before opening up new trades.
Breaking the 39K support zone will indicate a strong potential Bearish downfall and would confirm that we have seen the top for a while on BTC.
Comment to let know if your Bullish or Bearish ..