BTC Triple Support Confirmation!
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
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