BTCUSDT - Uptrend Support for Upside Momentum
Fib drawn from an impulse move to the recent high at current price level above 0.382 is bullish. Consider breaking the 0.382 for considerable downtrend, selloff. Until then, uptrend all the way! Retracements happen.
My opinion, at present buy this dip.
My opinion, at present buy this dip.
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Do it :)
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Target to the upside 25,500. Fib extension Weekly time frame high 06 June 2022, to recent low after 21 Nov 2022. 0.618 price 25, 510 ish. Assumptions, 0.382. fib from the pull posted here isńt broken to the downside.
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Resistance above Descending Triangle 23,500. 0.618 resistance. 24,300 and ultimately 25,500.
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Massively danger territory. We still need to break yesterdays close and todays open. Massive resistance. Even above that, be cautious.
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Gains to be made over the weekend. Dollar potential uptrend, = downtrend BTC. BTC liquidity for DXY come Monday. Be careful.
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Hit the daily .. massive resistance. Could be a signal for a sell! Watching, no reason to be alarmed yet, ...
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Defo a TP area.. If in a long. Take 1/2 or percentage profits and move stop losses above opening trade price to not make any loses.
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My next level of resistance has become 4 hour 23,160!
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23,170, is a weekly resistance level as well as the daily just above. Daily open (yesterday close).
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Probable resistance, and rejection at the levels mentioned above. Not certain though :)