Hello Community!
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
Lets keep it simple.
When taking a look at BTC/USDT we see it has corrected and has found a temporary support. As we take a look at the 1 hr candle we clearly see it bouncing off of the 55 EMA, Golden Zone in the Fibinnaci retracement tool and top of channel which was previously broken. It can easily make a double top at it's previous high and retrace for a higher low before attempting to break higher. It can also get rejected and fall down to the next major support around 11.8 k within a couple weeks. With today's election anything can happen. Let's see how everything plays out.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Win
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
Lets keep it simple.
When taking a look at BTC/USDT we see it has corrected and has found a temporary support. As we take a look at the 1 hr candle we clearly see it bouncing off of the 55 EMA, Golden Zone in the Fibinnaci retracement tool and top of channel which was previously broken. It can easily make a double top at it's previous high and retrace for a higher low before attempting to break higher. It can also get rejected and fall down to the next major support around 11.8 k within a couple weeks. With today's election anything can happen. Let's see how everything plays out.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Win
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.