Key observations:
Range Breakout: Earlier, Bitcoin broke out of a consolidation zone (marked box), which triggered the recent upward move.
Resistance Zone: Price is hovering near the 5.15%–5.42% gain zone, where selling pressure has historically emerged.
Pullback Signal: The drawn arrow suggests a possible rejection at this resistance, pointing to a corrective move down toward the 3% zone.
Momentum Check: If BTC fails to hold above this resistance, a retracement is likely. However, a strong breakout could open the door toward 6% gains.
Range Breakout: Earlier, Bitcoin broke out of a consolidation zone (marked box), which triggered the recent upward move.
Resistance Zone: Price is hovering near the 5.15%–5.42% gain zone, where selling pressure has historically emerged.
Pullback Signal: The drawn arrow suggests a possible rejection at this resistance, pointing to a corrective move down toward the 3% zone.
Momentum Check: If BTC fails to hold above this resistance, a retracement is likely. However, a strong breakout could open the door toward 6% gains.
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Join My telegram channel Free:
t.me/tradewithmrdavid
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
t.me/tradewithmrdavid
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.