will #bitcoin retest the 70k region? $BTC there was a breakout from the 89k region, then it dropped further to 70s region before going back to the 94k region.
Is the move back to 94k a trap to buy before it drops back to the 70s region?
kindly don't buy #bitcoin or #ETH let them hit the lows of the lows..We are silently watching..one thing is for sure...we'll hit the ATH for both..accumulate capital to jump in
Support and resistance levels can be used in a variety of trading strategies. One common strategy is to buy an asset when it reaches a support level and sell it when it reaches a resistance level. This is known as range trading, and it can be an effective strategy in markets that are trading in a range.
Another strategy is to look for breakouts of support or resistance levels. A breakout occurs when the price of an asset moves above a resistance level or below a support level, indicating a potential trend reversal. Traders may use breakouts as a signal to enter a trade in the direction of the breakout.
It is important to note that support and resistance levels are not always precise. The price of an asset may break through a support or resistance level, or it may temporarily pierce a level before reversing course. Therefore, it is important to use other technical indicators and risk management strategies in conjunction with support and resistance analysis.$BTC $ETH
Guys If you can and you're in a long position...kindly lower your liquidation by adding margin. BTC should be around 65-70k region while Ethereum should be 1500 region.
Currently trading at 91918.8. According to my analysis, the trading range is 89268.43 and 109704.08
What does this mean? A drop below 89268.43 could make us see lows of 78- to 79000 region, while a rise above 109704.08 could lead to ATH. [4400 then 5000] If you are already in the trade, kindly lower your liquidation to below 78000. If you just HODL, keep buying more if it keeps dropping.
$ETH
Currently trading at 2505.42 According to my analysis, the trading range is 2125.11 and 4107.61
What does this mean? A drop below 2125.11 could make us see lows of 1400-1520 region, while a rise above 4107.61 could lead to ATH. [120000, then 150000] If you are already in the trade, kindly lower your liquidation to below 1200. If you just HODL, keep buying more if it keeps dropping.
However, my analysis is open to criticism. Enjoy your trading.