JonnyCann

BTC 32,750 importance area to watch

COINBASE:BTCUSD   Bitcoin
-If weekly closes under 32,500 region, we should have caution on next movement as bearish pressure can still maintain
-Daily close in 2.5 days
-At strong high volume area at 32,750 region
-32,750 is the most important area to pay attention to right now
-would like to see a break above 32,750 to maintain any bullish perspective
----as price can retest and reject this region as that is where most of previous selling pressure came from
-TTM still building bearish
-Coming to RSI resistance TL, a break above can be a great sign of momentum shift, for now there can be another possible rejection going bringing price lower from this area
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.