BTC/USD Possible reversal area

Now that BTC is having a correction we can look for interesting buy zones

Longer term trendline + 100 MA + previous high

if we get a reversal candle near that area we have a buy opportunity

Good luck!

İşlem aktif:

Looks like tis 12H Hammer will give us a reversal

Yorum:

we are going to longer term trend

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falling wedge played out and retested
going down to 11K area

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If we break resistance trend we are going to $16K
If we break support we are going to $10.4k

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We reached 16k

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Next resistance is going to be $17.2k area.
If we break that area we are going to see ATH

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We are currently in a channel and we bounced off $17.2K
Target is potential reversal area
If we get a reversal, next target should be upper trend line

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we have a bounce

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There was another sell off
We are currently forming a rising wedge on the 1H TF

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We broke the rising wedge to the upside
If we can close above $14.2k, next stop is resistance trend