Hi Traders, Investors and Speculators of the Charts ๐๐
Bitcoin is about to retest an important support zone at $21800 . If BTC is unable to secure this support, the next support is only at $18400.
A possibility exists to take a low leveraged long from the support, however this will be a high risk trade due to the nature of the cycle - it's unclear whether or not this is the first stages of a new bullrun or whether it's a bulltrap. I'd be more confident to claim the start of a new bull cycle IF we can maintain the current trading range and NOT CLOSE a candle UNDER this support zone.
Can I interest you in an Altcoin? Check out this idea on BATUSDT:
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CryptoCheck
Bitcoin is about to retest an important support zone at $21800 . If BTC is unable to secure this support, the next support is only at $18400.
A possibility exists to take a low leveraged long from the support, however this will be a high risk trade due to the nature of the cycle - it's unclear whether or not this is the first stages of a new bullrun or whether it's a bulltrap. I'd be more confident to claim the start of a new bull cycle IF we can maintain the current trading range and NOT CLOSE a candle UNDER this support zone.
Can I interest you in an Altcoin? Check out this idea on BATUSDT:
_______________________
๐ขFollow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities ๐Hit like & Follow ๐
We thank you for your support !
CryptoCheck
Trade active:
Support held ๐ฅNext stop $32K