$BTC- Still On 52K Resistance
With the whole bullish fiesta,i like getting prepared and not taken unawares. And don't worry, we are not going below 40k any time soon..at least i strongly believe so. We are officially in a super btc bullish mode and with the Salvador BTC addition to the crypto system. That's a huge!
I shared a 15mins chart yesterday during BTC pb on a probable drop to 50,05k if it broke the 51k support and not print a new high...so it did print a little above previous high(52,9k ) and it is back down again but this time resting almost right on top of the 50,05k(50,04k) and a few ticks away from 9 EMA on the Daily . Btc will likely test two support areas (yellow arrows) if it doesn't close a bit higher than 52k today like say 54-56k.
I am still living the 42k support retest line open (question mark) because i am that meticulous ..lol! even in an uncontrollable speculative market like crypto market.
And I still do not think this the right market structure for shorting trades because this market is not plunging under but if you decide to do, it is going to be tiny little squeeze and you got to be watching your positions like hawk.
#Myopinion&NFA#
I shared a 15mins chart yesterday during BTC pb on a probable drop to 50,05k if it broke the 51k support and not print a new high...so it did print a little above previous high(52,9k ) and it is back down again but this time resting almost right on top of the 50,05k(50,04k) and a few ticks away from 9 EMA on the Daily . Btc will likely test two support areas (yellow arrows) if it doesn't close a bit higher than 52k today like say 54-56k.
I am still living the 42k support retest line open (question mark) because i am that meticulous ..lol! even in an uncontrollable speculative market like crypto market.
And I still do not think this the right market structure for shorting trades because this market is not plunging under but if you decide to do, it is going to be tiny little squeeze and you got to be watching your positions like hawk.
#Myopinion&NFA#
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.