Hey followers and other TradingView users!
The entry area is the blue box!
Blue box rejection criteria:
1. Major counter trendline should act as a strong support level
2. Trendline from 18. November - previously worked as resistance and now role reversal and it becomes support
3. Fibonacci golden ratio 62% exactly inside the blue box
4. The orange line is a strong price level which now should act also as a support
Those together make a crossing area and as we know, crossing areas are pretty strong!
This scenario is on the table IF the BTC price starts to make a little correction and it finds support from $3,700-$3,750!
BTC analysis:
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Have a nice day!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
The entry area is the blue box!
Blue box rejection criteria:
1. Major counter trendline should act as a strong support level
2. Trendline from 18. November - previously worked as resistance and now role reversal and it becomes support
3. Fibonacci golden ratio 62% exactly inside the blue box
4. The orange line is a strong price level which now should act also as a support
Those together make a crossing area and as we know, crossing areas are pretty strong!
This scenario is on the table IF the BTC price starts to make a little correction and it finds support from $3,700-$3,750!
BTC analysis:
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Have a nice day!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!