Bitcoin will continue to struggle between Resistance Level of 21 Week Moving Average and Support Level of 34 Week Moving Average. Bulls will be hoping this is a back test of the blue consolidation channel. Bears will be hoping price falls and breaks support causing price to fall further and fill the wick created on December 4, 2021.
Risk level is high and trading will choppy be choppy between resistance and support.
BREAKOUT LEVEL = $53,500
BREAK DOWN LEVEL = $46,500
TradingView public Indicators appearing on this chart:
âš Triple Power Moving Average by @Nico.Muselle
âš Yearly+Monthly Pivots by @raghavsingh
âš Moving Average Convergence Divergence by TradingView
ðī Monthly Pivot Point
ðī 100 Hour Moving Average
ðī 50 Day Moving Average
ðī 21 Week Moving Average
ðĒ 34 Week Moving Average
ðĒ Moving Average Convergence Divergence
NOTE: House Rules do not allow ideas to be published with Invite-only scripts.
Risk level is high and trading will choppy be choppy between resistance and support.
BREAKOUT LEVEL = $53,500
BREAK DOWN LEVEL = $46,500
TradingView public Indicators appearing on this chart:
âš Triple Power Moving Average by @Nico.Muselle
âš Yearly+Monthly Pivots by @raghavsingh
âš Moving Average Convergence Divergence by TradingView
ðī Monthly Pivot Point
ðī 100 Hour Moving Average
ðī 50 Day Moving Average
ðī 21 Week Moving Average
ðĒ 34 Week Moving Average
ðĒ Moving Average Convergence Divergence
NOTE: House Rules do not allow ideas to be published with Invite-only scripts.