💎BTC/USD🌴FREE UPDATE🌴
- Yello😎🥂
💎Previously in Bitcoin FREE update, when BTC was trading at 11500$ we pretty clearly said that we are bullish, since then, BTC pumped to our resistance at 12200$, However it was a fake breakout, because BTC was not able to close a daily candle above the resistance at 12200$, which we mentioned in the previous update that it’s crucial, for us, to see a next leg up, to the resistance area at 13-14k.
💎After that, BTC retraced back to our 20 MA (yellow line), which served as a great LTF support. Naturally we have now formed a new acting support at 11600-11700$. This support is valid unless we see a daily close bellow 11600$.
💎If we close bellow 11600$, we can anticipate some further consolidation towards strong support ~11100$, however, this wouldn't broke the overall bullish trend and should be perceived as a normal correction.
💎Currently, while PA is still holding at these bullish support levels our bias remains BULLISH.
- Yello😎🥂
💎Previously in Bitcoin FREE update, when BTC was trading at 11500$ we pretty clearly said that we are bullish, since then, BTC pumped to our resistance at 12200$, However it was a fake breakout, because BTC was not able to close a daily candle above the resistance at 12200$, which we mentioned in the previous update that it’s crucial, for us, to see a next leg up, to the resistance area at 13-14k.
💎After that, BTC retraced back to our 20 MA (yellow line), which served as a great LTF support. Naturally we have now formed a new acting support at 11600-11700$. This support is valid unless we see a daily close bellow 11600$.
💎If we close bellow 11600$, we can anticipate some further consolidation towards strong support ~11100$, however, this wouldn't broke the overall bullish trend and should be perceived as a normal correction.
💎Currently, while PA is still holding at these bullish support levels our bias remains BULLISH.
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Follow a team of traders with 10+ years of experience?
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🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
