🔥 Bitcoin: Re-testing Channel Before Bullish Move
A couple of days ago I made an analysis on Bitcoin and the potential break out of the channel.
In the end, BTC chose the bullish side and broke up through the channel resistance. However, a bullish follow-through was missing and BTC traded downward again.
BTC is currently seeing a minor reversal after testing the channel resistance as support. An aggressive approach would be to enter the market right away. I'd be more conservative and wait for a (daily) close above $61k to confirm the reversal.
Targets for the move: $62.5k and $63.5k.
Happy trading!
In the end, BTC chose the bullish side and broke up through the channel resistance. However, a bullish follow-through was missing and BTC traded downward again.
BTC is currently seeing a minor reversal after testing the channel resistance as support. An aggressive approach would be to enter the market right away. I'd be more conservative and wait for a (daily) close above $61k to confirm the reversal.
Targets for the move: $62.5k and $63.5k.
Happy trading!
Not
UPDATE
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✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.