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MarxBabu
Oct 27, 2021 2:21 PM

BITCOIN is at Weak support Next 56k before any good up Move Short

Bitcoin / TetherUSBinance

Description

Looking at the BITCOIN chart it is clear that it is in the Weak support(Yellow Line) ,So WHAT is next ?

It should break this level and move further down.

The next strong support is at 56K levels ,Why this becomes the next strong support is because the previous up move started from that level.
Looking at the First Blue candle and Green line will give some idea.

Any Entry around 56000 will be the reasonable one.

Also looking at the Volume given in the chart ,i see price likely to move down than up in short period of time.

Comments
Mihai_Iacob
Thanks for sharing
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