BTC: The beginning of a rebound.
Hello everyone,
Here’s a quick and simple breakdown of the key support and resistance zones.
Below are the reasons why these zones have been selected:
✔️ Support Zone 1. ($53,329.5 ~ $52,372.5)
✔️ Resistance Zone 1. ($55,969.0 ~ $55,499.6)
✔️ Resistance Zone 2. ($58,218.0 ~ $57,348.7)
There's a strong likelihood of significant price action within these zones, either as support or resistance. Keep a close eye on Bitcoin’s movement in these areas. Best of luck!
*S/R Flip: Support/Resistance Flip
Here’s a quick and simple breakdown of the key support and resistance zones.
Below are the reasons why these zones have been selected:
✔️ Support Zone 1. ($53,329.5 ~ $52,372.5)
- Descending channel
- Fibonacci 0.786 retracement
- Significant low (S/R Flip)
✔️ Resistance Zone 1. ($55,969.0 ~ $55,499.6)
- Fibonacci 0.236 retracement
- Significant low (S/R Flip)
✔️ Resistance Zone 2. ($58,218.0 ~ $57,348.7)
- Fibonacci 0.382 retracement
- Significant low (S/R Flip)
There's a strong likelihood of significant price action within these zones, either as support or resistance. Keep a close eye on Bitcoin’s movement in these areas. Best of luck!
*S/R Flip: Support/Resistance Flip
- This is not a buy or sell recommendation.
- It is a personal perspective and should be used for reference only.
- All decisions and responsibilities lie with you.
Note
🔥New Update!
The price has reached the "Resistance Zone 2"!
Congratulations!
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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.