$BTC testing 1D Lin Reg Support

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

uprisetraders

$BTC is currently testing the bottom of the daily linear regression channel that has been respected for quite some time. We are watching how price reacts closely here and we are neutral on it. R/R wise this is a good area to start looking for a long/bounce play no confirmation at the moment,

You might be interested in …

Trading View April 6, 2022

Potential falling wedge breakout on the weekly chart.

Potential falling wedge breakout on the weekly chart. Bitcoin / U.S. Dollar GEMINI:BTCUSD DrDovetail This wedge could attempt to retest its top trendline for support..if it does the trendline is currently around 38k. As long […]

Trading View February 13, 2022

XRP – htf bearish

XRP – htf bearish XRP / TetherUS BINANCE:XRPUSDT metalhound XRP looks to be retesting the triangle it broke down from early 2022. Would validate a short thesis here for me. This is on a weekly […]

Trading View April 11, 2022

A bounce here – too perfect?

A bounce here – too perfect? Bitcoin / US Dollar (calculated by TradingView) BINANCE:BTCUSD mxquillen BTC held tight exactly at $39500 on the upper trend line support – drawn from the daily closes from Jan […]