Simple reason why there is a high probability for bearish continuation on BTC>
The last 6 weeks candle close failed to close above the previous high of $108,499.54, thereby leading to liquidity sweep that signals the bearish movement of the last 5 weeks.
Current weekly has violated the consequent encroachment thereby leading to break of structure low in lower time frame signaling possible bearish continuation
If the current weekly candle gives a bodily close below $81,453, that would a valid confirmation for bearish continuation to the bearish breaker block between $64,818 & $69,596. This was the breakout point post US election and price is yet to retest that Zone.
A closure below $64,000 may take us to the retest of $49,000
Whist I see $73,748 as the immediate support, Traders should still pay attention to the possibility of $89,543 and $99,717 resistance levels that may be tested in the medium term
The last 6 weeks candle close failed to close above the previous high of $108,499.54, thereby leading to liquidity sweep that signals the bearish movement of the last 5 weeks.
Current weekly has violated the consequent encroachment thereby leading to break of structure low in lower time frame signaling possible bearish continuation
If the current weekly candle gives a bodily close below $81,453, that would a valid confirmation for bearish continuation to the bearish breaker block between $64,818 & $69,596. This was the breakout point post US election and price is yet to retest that Zone.
A closure below $64,000 may take us to the retest of $49,000
Whist I see $73,748 as the immediate support, Traders should still pay attention to the possibility of $89,543 and $99,717 resistance levels that may be tested in the medium term
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FINSPOT ACADEMY
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。