catnip_

BTC: support found in the 62k trading range?

Long
catnip_ Mis à jour   
BINANCE:BTCUSDT   Bitcoin / TetherUS
After the falling wedge was cancelled and the price broke down from the FRVP support of approximately $67,200, BTC's price behavior has more closely resembled a descending channel than another, larger falling wedge. However, support could be found in another important trading area identified by the FRVP: $62,000. There is a volume vacuum between $63,000 and $66,000, an area with low trade volume. Holding at or around the $62,000 support level and breaking the (now) resistance at $67,000 could be a turning point that propels the price upwards again.
Transaction en cours:
BTC broke resistance and hit the trigger level at $67,200.
Transaction en cours:
BTC broke the FRVP resistance at $67,200 and is now breaking the old ATH resistance of $69,000. A vacuum of trading volume suggests that there are no more resistances until the $72,000 level.
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.