So as you can see in this analyse The King got rejected 2 times already around 38k area ( Red Zones Rejections in Graph).
For now if you didn't buy the last dip the best is to stay away when BTC stay around that zone and wait patiently for a retrace or a strong 40k+ Breakout.
The best rebuy zones for me now are :
- 35,000$ Medium buy zone
- 33,000$ Safe buy zone
- 40,500$++ ( after a breakout)
if we get another strong DIP under 26k, we could see 20k very fast, imo for now we are still in Bullish Mode despite many traders predict bearish days, BTC is just starting his way to the moon... but this is about Metrics and ribbons but i cannot publish that kind of indicators on TradingView + it would take ages to explain.
invest wisely, don't go all in, learning from mistake is more important than winning.
Happy Tr4Ding !