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ShawnMCR
Oct 9, 2022 4:12 PM

A short-term Bitcoin analysis. 

Bitcoin / TetherBittrex

Description

Hello, dear TradingView members.
This is a short-term Bitcoin idea.

So it has been months since we are still in this price range, and the price is still getting support from the 19K-20K.

There are two resistance levels on the way up and two support levels on the way down.
Based on the market volume and the RSI indicator, The price might reach this level and then get rejected.
And as you can see on the chart, sudden drops stopped by the Bollinger Band. So for now we need to ease into the corrections.

The following support is around the 13K levels, which is also vital; I will discuss it once we get there.

Now let's see your ideas. Let's have a discussion.

Let me know if you guys have any questions;
I will be more than happy to help.

Good luck, and thank you.
Comments
Solldy
Very good reasoning for the idea. I even left a few notes from it on my chart. Thanks, for your view, mate!
ShawnMCR
@Solldy thanks a lot for your supportive comment 💎
Skyrex
Very accurate 👍
ShawnMCR
@SkyrexTrading pleasure. Thank you 💎
Lingrid
Interesting view! What entry point you recommend us here?
ShawnMCR
@Lingrid thank you for your comment 💎
KlejdiCuni
I really like the structure you pointed out. It looks very solid. Thanks
ShawnMCR
@KlejdiCuni thanks a lot for your support 💎
UnknownUnicorn15614419
Great job mate! very good work.
ShawnMCR
@TradingStat thank you buddy 💎
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