Last support M15 that I share, buyer rejection about 100 pt +/-, and currently breaking it. Based on H1, I prefer this zone as this zone has buyer re entry 1x. Looking for more strong buyer here than my analysis before. I prefer to entry bottom candle bottom shadow.
Bitcoin break out falling wedge and now could test resistence on 18,500-18,700.
If sustaining above this range, Bitcoin might test 19,380-19,450 area before next move.
If bounce from this range we can go down and test 17,830 - 17,650 - 17,200
waiting for a move towards the resistance;
looking out for a movement back into the resistance range, a rejection at the resistance and a confirmation towards the downside
looking for a movement into the resistance range, a breakthrough, followed by a retest of that same level and a candle confirming the bulls
--> Here we have a beautiful Descending Channel, which broke the demand area and re-tested it.
--> It's a high probability set-up with very good Risk To Reward ( 1:5 ).
--> Don't miss the chance that market offers you with the re-test.
--> Go to bigger timeframes (12H OR Daily) to see the exact pattern formation for a better...
the last time it was testing top channel as support (flag 1) it was rejected. lets see what happens this time (flag 2) when price is testing the same resistance after a big pump.
support and resistance is based on new and old data (old only daily chart)