BTC Bitcoin Daily Time Frame Strategy

23 Des 2021

Strong move by BTC today! Daily we are approaching resistance-see the purple overhead resistance box, and notice how 1 of our supertrend indicators will flip bullish if we can turn this resistance into support. Both supertrends are still bearish so a pullback in this area makes sense short term. This lines up with our stoch rsi topped out. If you were positioned for this move, watch for a rejection at the first supertrend/our resistance box. If you are looking for an entry, waiting to flip this box into support and flipping at least 1 supertrend indicator makes sense (53k range). THIS IS A HIGH TIME FRAME CHART.
*not financial advice