Bitcoin Holds the Range… For Now

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

quantguy

Bitcoin is ranging safely in the $38K’s. We made a brief attempt at $40K again which was quickly batted down. Resistance at this level is confirmed yet again by a red triangle on the KRI . We appear to have strong support from $37.7K, with this level holding strong after an attempt to test lower levels. If these levels do not hold, watch the vacuum zone to $36.7K. From above, $40K seems to be a prohibitive barrier, but if we can break through the next target is $40.8K then $41.6K.

You might be interested in …

Trading View May 21, 2022

Here's my case for a $12,000 dollar BTC.

Here's my case for a $12,000 dollar BTC. BTCUSD Perpetual Contract BYBIT:BTCUSD robinball This is based on some previous work that I have done around the respect BTC has for ABC corrections. The 1 to […]

Trading View June 5, 2022

Bitcoin Bottom Detector: W Timeframe

Bitcoin Bottom Detector: W Timeframe Bitcoin / U.S. dollar BITSTAMP:BTCUSD MJShahsavar I Published this indicator in tradingview you can find it in the link below: Use this indicator in the weekly time frame: One of […]

Trading View April 12, 2022

I have been bearish for a long time on BTC but this setup…

I have been bearish for a long time on BTC but this setup… Bitcoin / TetherUS BINANCE:BTCUSDT kriespy I have been bearish on BTC for a long time but this setup seems to have a […]