Bitcoin is still doing corrections, and now it's sitting on support, the only local support I found. After some consolidations on this area, we might see some moves for pumping back up. However, there are 3 resistance levels on the way up, which might slow us down. Just like now that the price is fighting resistance. Right now we can see buy volume running on different platforms. I guess this support can hold it up. But if prices dropped down even more, I'll put another chart to show you our new key areas, for support and new resistance levels.
I'll keep this chart updated. Use this chart as your trade setup for now.
Thanks for the information. I have a long x 10 leverage with a liquidation of 57.5k, I have been trading for a year, so still green. Do you think I should be worried? or are you confident we should see a move to the upside? I was goes to profit take pretty much on your resistance lines
Lebron1991
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@Nattrader1975, I'd take the loss now. Btc just broke support and is tanking now. Leave before you get liquidated. I'm getting liquidated at 57k and am going to bail at 59k now. Btc looks bad.
anaswarraich86
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Btc as boll indicated going down after sum move to up