MA100 on Daily (Or MA200 on 12H) strongly held the price from lower levels multiple times.
For now, we can count on it around $41000.
If broken down, we may see 37k area. then there are two possible scenarios shown on the chart.
* If selling pressure happens by the bears and price drops, bulls will defend on 35k area at major trendline support that also can be the support line of the wedge.
* If #Bitcoin sees 37k or 35k, it's the last chance to enter before retesting the ATH, probably till year ends IMO.
* If an institutional buyer enters the market, technical scenarios fail.
Just an #idea
Not Financial Advice
Good luck!
For now, we can count on it around $41000.
If broken down, we may see 37k area. then there are two possible scenarios shown on the chart.
* If selling pressure happens by the bears and price drops, bulls will defend on 35k area at major trendline support that also can be the support line of the wedge.
* If #Bitcoin sees 37k or 35k, it's the last chance to enter before retesting the ATH, probably till year ends IMO.
* If an institutional buyer enters the market, technical scenarios fail.
Just an #idea
Not Financial Advice
Good luck!
Trade fermée: cible de profit atteinte
MA was strong and supported the price from falling
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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.