WickFillerDude

BTC outlook for 8 May 2022.

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC currently trading at a very strong support zone with the weekly wick zone created around the 21st Feb. If BTC continues to respect this level we could see a bounce back towards the next resistance zone around 37k. On the other hand if BTC breaks below this wick zone I do believe we will continue back down towards the next support zone around 33k.

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.