Happy Tuesday Traders, Investors & Gamblers 😃
If Bitcoin can confirm above 18.8950$ (Red Support Line) this formation can take us to test the range resistance and if broken take us back to the 29k-32k range (Green Resistance line )which forms resistance for a trend reversal on larger timeframes.
All the relevant levels for this bullish Bitcoin scenario can be found in the chart!
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
If Bitcoin can confirm above 18.8950$ (Red Support Line) this formation can take us to test the range resistance and if broken take us back to the 29k-32k range (Green Resistance line )which forms resistance for a trend reversal on larger timeframes.
All the relevant levels for this bullish Bitcoin scenario can be found in the chart!
I would like to add that this is only for educational purpose and in no way a guarantee that it will play out this way, nor is this or are any of my posts financial advise.
As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏
Happy Trading ✌♥📈
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Here You can see the importance of the 32k level on the weekly BTCUSD chart:
