BTC/USD (Found Weekly Support?)

31 thg 5, 2021

💎Technical Analysis Summary💎



BTC/USD


-Bitcoin printed its 1st green candle after the strong sell-off
-The price found support at a previous weekly key area
-This is a good sign of strength as the bears failed to create lower lows
-I'm not saying BTC will no longer dump or trade lower
-But the probabilities to see a good upside pullback increases
-If the bulls will attempt to push the price higher
-I think 45k-49k dollars is a strong resistance area
-So if you are looking for a buying oppurtunity
-Please make sure to have a trading plan
-And an exit strategy if the trade becomes invalid
-Have a nice trading week everyone!


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Not Financial Advice 💸
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