BTC (Y20.P4.E10).Next levels to watch

Hi All,

Ref (A.chart)
Keeping this short and to the point.

> The next 2 support levels makes sense to me based on previous support and resistance levels;
> Critical level on the chart, has an important bearing for the coming week for this BTC breakout; ($10950 to $11050)
As per chart, it must hold otherwise it points to a possibly false breakout. This level needs to hold otherwise it opens the door for further slippage;
> Its holding the 21 Weekly MA;
> The breakout from this trendline of this symmetric triangle is 1 level of success but we need to see the next few levels, as per resistances on the chart.
> We have a lot of resistances above to get through ($11900)


Note SP500 and Gold increases the probability that BTC will also have upward pressure to continue.
Need to keep an eye on GOLD this week.

With US Dollar, I still see it going lower with downward pressure evident with the MACD

Please give me a tick or like for this post

Regards,
S.SAri

DAILY Chart (z.chart) providing key levels and trendlines (structure of the price action).

تعليق:

Its good to look at charts at different time perspective. I like the 3 or 4 day chart as well as its between the daily and weekly chart.
I have this "only from a bullish perspective" which is still conditional as to the points on this post.

with this chart, the MACD is yet to cross over.

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for the short term, 11600 to 11700, before it pulls back is also on the cards.

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تم فتح الصفقة:

Came across a nested harmonics in this price action...very bullish

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