Bitcoin: 11 000$ as the Key Support
Aggiornato
The price bounced from 12 000USD and moved back to 11 000USD. It is the support zone formed by SMA50, the weekly uptrend line, and 11 000USD support level. The price action in this zone will show us further market movement.
If the price breaks the support zone, it will open the road to the next support zone formed by SMA100 and 10 000USD support. It will probably give us the lowest point in the current bullish trend. I don't think we will see a real trend reversal. Such a downward movement ill open good trade opportunities.
If the price bounces from the support zone at 11 000USD, we will get new trade opportunities, and the buyers will try to break 12 500USD resistance. Search for reversal signals for buying in the daily and hourly timeframes.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price breaks the support zone, it will open the road to the next support zone formed by SMA100 and 10 000USD support. It will probably give us the lowest point in the current bullish trend. I don't think we will see a real trend reversal. Such a downward movement ill open good trade opportunities.
If the price bounces from the support zone at 11 000USD, we will get new trade opportunities, and the buyers will try to break 12 500USD resistance. Search for reversal signals for buying in the daily and hourly timeframes.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Nota
Welcome to 10 000$???
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.