BITCOIN: New Bullish Impulse up to the 38000?
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis📈 and Trading Tips📉, support the idea hitting the LIKE👍 button and don't forget to SUBSCRIBE✔️ my channel, you won't miss anything!
🟢Forex Pair:
BITCOIN/USD
⚪Technical Analysis:
Since the 19th of January, the price has been moving creating an interesting double bottom pattern, bouncing twice on the support level at about 30250.
The price then, got a strong bullish impulse, moving up until the resistance level at about 38000, level where it got a quick and heavy rejection.
It has currently re-testing the S/R zone at about 34300 and the next price action around this level will be essential to understand the next movement.
🔴Conclusion:
The S/R zone at about 34300 it's absolutely a strong support right now, also considering how many times the price got a rejection on that area.
I'm confident to see a new rejection and a new bullish impulse, trying to reach back the resistance zone at about 38000.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
BITCOIN/USD
⚪Technical Analysis:
Since the 19th of January, the price has been moving creating an interesting double bottom pattern, bouncing twice on the support level at about 30250.
The price then, got a strong bullish impulse, moving up until the resistance level at about 38000, level where it got a quick and heavy rejection.
It has currently re-testing the S/R zone at about 34300 and the next price action around this level will be essential to understand the next movement.
🔴Conclusion:
The S/R zone at about 34300 it's absolutely a strong support right now, also considering how many times the price got a rejection on that area.
I'm confident to see a new rejection and a new bullish impulse, trying to reach back the resistance zone at about 38000.
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
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.