Really very difficult to analyze in such a context, where any news from the front influences the markets.
Bitcoin failed to break through the resistance at 40000. Next support area 36000/35000.
The 50 SMA is now at 41240 and the 200 SMA is 45386. Far away. Bitcoin is not proving its strength as an alternative asset and store of value as it should be.
As usual, I report the weekly levels to be observed and the levels for intraday trading:
For the interpretation of the levels and the construction of the excel sheet that I always publish, and my trading method, you can consult the book in Italian and English: https://www.amazon.it/dp/B09QRXJCDQ https://www.amazon.com/dp/B09RHH9PVH
To buy only the excel sheets contact me: @trade60vip
Log in to Publish0x:
https://www.publish0x.com/?a=oQeZ4DR6bp
Open an account with Kucoin use my code: https://www.kucoin.com/ucenter/signup?rcode=rJEUMUV
Open a Coinbase account to get bonuses 10$
https://www.coinbase.com/join/carote_7
This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHER ADVICE.
Graphic: tradingview.com
