Hello everyone, Welcome to this quick Update.
Although I am not trading this chart right now until we break above $7200 successfully. I would like to share my views on the current chart.
I expect BTC to hold this green cluster of support.
If it does, a rally towards $7400 is highly likely breaking the first resistance around $7200. I don't think this support could break easily besides we have been trying to break 7200 since the last 6 weeks.
Important Support:
1. 50D MA
2. Black Support Trendline at 6900.
3. Long term Support : $6820
Resistance Levels:
$7200
$7390
$7590
$8300.
BE CAUTIOUS WITH YOUR TRADES. Use Stop Loss always...
#Peace
Although I am not trading this chart right now until we break above $7200 successfully. I would like to share my views on the current chart.
I expect BTC to hold this green cluster of support.
If it does, a rally towards $7400 is highly likely breaking the first resistance around $7200. I don't think this support could break easily besides we have been trying to break 7200 since the last 6 weeks.
Important Support:
1. 50D MA
2. Black Support Trendline at 6900.
3. Long term Support : $6820
Resistance Levels:
$7200
$7390
$7590
$8300.
BE CAUTIOUS WITH YOUR TRADES. Use Stop Loss always...
#Peace
Kommentera:
Read this update for quick scalping:
Kommentera:
Broke below the green support zone. Holding 6820 support so far. Bearish in the short term.
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