24-48 hours view of BTC; Consolidation continue

업데이트됨

Sharing Few thoughts

After a recent bounce of the Bollinger band with strong engulfing Green bar, we are getting more optimistic. Refer to my previous post of ETH which I closed manually after 4 hours BTC chart change of direction.

Resistance trend lines in place are
1. Redline in my view is possible current resistance, the price shied away from it today rather than retesting it
2. Dotted Green line was previous support that is broken and now forming possible resistance

Support in place

1. Bollinger bands at 2229 and 2187
2. Fibonacci support at roughly the same level of 2180
3. Next support could be around 1934 50% Fibonacci

So where do we go from here?

Nose of the 20 MA is Down
Nose of our RSI is Down
MACD is bearish

Where to buy?

2180 to 2220 has our Bollinger band and Fibonacci support
next is
1934

look for signs of reversal as in short

Consolidation continues unless the Market surprise us

Please do your own research
Good luck everyone

노트

Conservative Approach for Buying would be,

A breakout of the red trend line with our indicators confirming the Bullish trend continuation.

노트

Our Price Range today should be
2160 and 2460 on USDT charts

More likely to stay between

2200 and 2400

Selling activity should start around 2350 mark

Buying activity should be around 2220 Mark