⚡️Alas following yesterday's fall Bitcoin seems to have managed to put itself together and readust it's tie, getting up from those bear hit's that we got pummeled by once we failed to materialize and take back that $20,000 position.
⚡️It's great to see that support having kicked in once again at $18,685 which for simplicity we'll round up to $18,700 for now, so that'll be our support. Now our resistance is $19,386 or $19,400 once again for the sake of rounding. So we'll have to face that 3-400 level and break through it if we want to avoid getting pulled back down anymore so most traders will likely be watching whether or not we break that. To also add as a quick short note $19,150 could be considered our short short term support by which should we fall below that we could expect another retest of that $19,400 support so set your alerts for !9,150 in case of any sudden or quick sell off's!
⚡️Gonna leave the idea here for now since we're mainly waiting to see what price action does next and whether it can push again this time or deal with another rejection! Before I end this just wanted to say that if you guys would like to leave a like and follow it'd honestly be much appreciated, I simply do what I can for you guys each and every single day making sure to post and simply do what I enjoy, trading and sharing my ideas with you guys. None of this is financial advise and simply my take on things and me doing my best to give you my view of things and charts. Always be sure to do your own proper DD and trade responsibly! Thank you.
~ Rock '
⚡️It's great to see that support having kicked in once again at $18,685 which for simplicity we'll round up to $18,700 for now, so that'll be our support. Now our resistance is $19,386 or $19,400 once again for the sake of rounding. So we'll have to face that 3-400 level and break through it if we want to avoid getting pulled back down anymore so most traders will likely be watching whether or not we break that. To also add as a quick short note $19,150 could be considered our short short term support by which should we fall below that we could expect another retest of that $19,400 support so set your alerts for !9,150 in case of any sudden or quick sell off's!
⚡️Gonna leave the idea here for now since we're mainly waiting to see what price action does next and whether it can push again this time or deal with another rejection! Before I end this just wanted to say that if you guys would like to leave a like and follow it'd honestly be much appreciated, I simply do what I can for you guys each and every single day making sure to post and simply do what I enjoy, trading and sharing my ideas with you guys. None of this is financial advise and simply my take on things and me doing my best to give you my view of things and charts. Always be sure to do your own proper DD and trade responsibly! Thank you.
~ Rock '
