Hello Traders and Investors. I hope you are doing well.
My crypto indicators say there is a strong resistance zone ahead. Right now it's a $22,700 to $23,600 zone. (Sorry, according to the rules of trading view I can't show my paid indicators for free, they block my ideas for that. That's why I tried to find a way out of this situation and drew them figuratively. Unfortunately, I can publish indicators only in twitER)
Bitcoin is squeezing up to the previous high of $21,300. In case it closes above the level, the price will continue moving up, and the nearest target is the resistance zone I wrote about above.
Locally Bitcoin is oversold, so expect a correction or consolidation. It will allow to gain strength and cool the sanction.
In case of a correction, I've marked an interesting zone for buying and opening positions: $19,200 - $18,500. A possible scenario is that the price will immediately test the resistance zone above, and only then there will be a correction.
All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
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