Bitcoin Attention strong support zoneðē
ðēBitcoin Attention strong support zone.
ðēThis post is a direct continuation of the previous post:
ðēAs we can see bitcoin is still holding at the 16.5k levels where the accumulation is ongoing.
ðēBased on the levels of 0.5 of the entire upward wave and 0.236 of the last largest upward impulse after the correction, I have determined an interesting support zone from which Bitcoin has bounced repeatedly.
ðēAhead is a resistance zone located at around 17.45k which I determined based on the 1:1 range cluster of the largest upward wave and the 1.272 level of the largest downward correction.
ðēThe scenario I am playing out is a final breakout from local support to the resistance zone marked on the chart.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
ðēThis post is a direct continuation of the previous post:
ðēAs we can see bitcoin is still holding at the 16.5k levels where the accumulation is ongoing.
ðēBased on the levels of 0.5 of the entire upward wave and 0.236 of the last largest upward impulse after the correction, I have determined an interesting support zone from which Bitcoin has bounced repeatedly.
ðēAhead is a resistance zone located at around 17.45k which I determined based on the 1:1 range cluster of the largest upward wave and the 1.272 level of the largest downward correction.
ðēThe scenario I am playing out is a final breakout from local support to the resistance zone marked on the chart.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
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