BTCUSDT Update: Key levels changed 2023/07/21

22 jul 2023

Support and resistance level still remains strong and the same as stated in my previous post (yesterday). However, when I did a re-calculation for my indicator, the 10% line (or known as dip level 3) went up and it aligned itself at the previous 15% level (dip level 2). The 70% and 50% line also went up a bit higher than the previous levels. The lines are getting closer and have contracted compared to the previous levels. This may indicate a sign of strenght and the price may attempt to break the 70% line. If that happened, the price will definitely target the resistance zone and it will attempt to start a bull run. Also, notice that the 70% line is a confluence zone. A breakout of this zone will signal a bullish trend. In the meantime, btc price will hover between the 50% and 30% line.

/please DYOR/trade at your own risk