BTCUSD Support To Be Broken?
Bitcoin has been overlooked as a safe haven but the charts are showing us that we could be in for more possible downward movement for the cryptocurrency.
Started to look short around 6260 - 6220 but if you can see that a larger bullish flag formation is being created. This has provided us with the opportunity to wait and see what the volumes give us. No need to rush this one, if the price rises expect that the you will see the formation completed. If the it breaks the support levels expect further selling to sub 6000 possibly 5500
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Connor
Started to look short around 6260 - 6220 but if you can see that a larger bullish flag formation is being created. This has provided us with the opportunity to wait and see what the volumes give us. No need to rush this one, if the price rises expect that the you will see the formation completed. If the it breaks the support levels expect further selling to sub 6000 possibly 5500
For more full analysis, trading ideas and tips feel free to subscribe to my newsletter.
Thank you for everyone who likes and shares this analysis.
Really appreciate it
Connor
Trade fermée: ordre d’arrêt atteint
BTC held support level and broke higher. Larger timeframes show that this support level will be retested shortly.
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Publications connexes
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.