Since the dump two weeks ago, BTC has found support on the Weekly 100 Moving Average, but is also held by resistance from the Daily 200 Moving Average. To a lesser degree, the Daily 13 Moving Average may be starting to have some influence, although that remains to be seen.
Following these levels and their strength will give you the first indication of if BTC is going to break back up to $10,000, or down below $7700 to lower support levels.
Here is the link for the free 50,100,200 Daily AND Weekly Moving Average indicator, offering key areas of potential strong support & resistance - make sure to switch on and off to your preference.
Also save crucial space on your Trading View chart by utilising the free RSI and StochRSI indicator which overlays both in a clear and helpful fashion.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Following these levels and their strength will give you the first indication of if BTC is going to break back up to $10,000, or down below $7700 to lower support levels.
Here is the link for the free 50,100,200 Daily AND Weekly Moving Average indicator, offering key areas of potential strong support & resistance - make sure to switch on and off to your preference.
Also save crucial space on your Trading View chart by utilising the free RSI and StochRSI indicator which overlays both in a clear and helpful fashion.
Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
Komen:
Komen:
Komen:
BTC
Komen:
BTC just pumped directly into the Daily 200 Moving Average - as expected, it is currently providing resistance - but will it hold?
Komen:
BTC remains completely within the predicted range (between the daily 200 MA and weekly 100 MA)
Komen:
BTC has just bounced off the weekly 100 MA yet again, as anticipated. But for how much longer can both levels hold?
