CryptoGuru369

$BTC Short/Medium Term Updates

Short
COINBASE:BTCUSD   Bitcoin
$BTC looking bullish as long as it is closing dailies above the support zone around $47,650.

If price loses support at $47,650, then I would be looking for a move down to the next support zone around the mid $40K area. A pullback to this zone could present a great buy opportunity before another leg up!

$BTC is possibly working on printing five/six drives of bearish divergence on RSI showing growing strength in the bear's camp. I am watching price action closely here as this strong resistance zone could push price lower before another leg up.

If price can break through this resistance zone around $52,750, then I would be looking for a nice move up to the next resistance zone around $58,000.

General Inquiries: t.me/cryptoguru369

Twitter: twitter.com/CryptoGuru369
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.