Could Support @ $65K be New Low? - Bitcoin
Here I have Bitcoin on the 4 Hr Chart!
In the Overall Daily Chart, price on Bitcoin looks to be Consolidated!
But scoping down to the 4 Hr, we see Price has been using this Support Zone @ $64,500 - $65,500
- Feeding the Bullish Bias is purely boiled down to Technical Analysis being the:
- Tweezer Bottom
&
- Bullish Engulfing Candlestick Pattern forming ..
@ an interesting level of SUPPORT!!
In the Overall Daily Chart, price on Bitcoin looks to be Consolidated!
But scoping down to the 4 Hr, we see Price has been using this Support Zone @ $64,500 - $65,500
- Feeding the Bullish Bias is purely boiled down to Technical Analysis being the:
- Tweezer Bottom
&
- Bullish Engulfing Candlestick Pattern forming ..
@ an interesting level of SUPPORT!!
Nota
In the bigger picture of things, if we are to expect this to be a good area for Price to move Higher, we want to see a Large Daily Bullish Candle to give us either a "Bullish Engulfing" or if price decides to Consolidate for a day, a "Morning Star/Morning Doji Star" Candlestick Pattern to CONFIRM BULLISHNESS!!
"An investment in knowledge will pay the best interest." - B. Franklin
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Novi's Trading Channel
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"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.