Goldsignal75

BTCUSD (Bitcoin) Bull and bear case

Long
BITSTAMP:BTCUSD   Bitcoin
BTCUSD showed a sell-off after Fed meeting minutes.

Bear case-
Levels to watch- $42980 (55- day EMA). Any daily close below that level confirms intraday bearishness.

Bull case-
Primary supply zone -$44100. The breach above confirms minor trend continuation.

if move up after trendline testing It is good to buy on dips around $42000
SL $41700
TP of $52000.
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.