Dynamic Resistance & Trend line Breakout -Bitcoin chart analysis
Hello Traders,
33000 to 33150 have been acting as a supply zone for Bitcoin for a long time. You can see a dynamic resistance on the 4 hour chart, which is also shown in the chart. The last 3 times the price was correct from there. Supply Zone and Dynamic Resistance are broken. Hope for a good upmove from here. The volume of the breakout candle has also increased, which gives a little more confidence.
Apart from this head & shoulder pattern and pole & flag pattern are also seen on the chart.
Strategy: Buy 33150-33000(Wait for Pull back)
ADD more@32600-32700
SL:31900
Target:34400/35500
Consult your financial advisor before taking any action.
Educational purpose only.
You can ask your question in the comments.
33000 to 33150 have been acting as a supply zone for Bitcoin for a long time. You can see a dynamic resistance on the 4 hour chart, which is also shown in the chart. The last 3 times the price was correct from there. Supply Zone and Dynamic Resistance are broken. Hope for a good upmove from here. The volume of the breakout candle has also increased, which gives a little more confidence.
Apart from this head & shoulder pattern and pole & flag pattern are also seen on the chart.
Strategy: Buy 33150-33000(Wait for Pull back)
ADD more@32600-32700
SL:31900
Target:34400/35500
Consult your financial advisor before taking any action.
Educational purpose only.
You can ask your question in the comments.