1 min

Bitcoin – bulls must hold this level!

here I defined that $41500 - $42000 is the golden Fib pocket which is the must be hold for the uptrend continuation.

Hello, this is another view on the Bitcoin price action. Today I have already made the classical TA, see the previous post.

There I defined that $41500 – $42000 is the golden Fib pocket which is the must be hold for the uptrend continuation. Now I found that the strong Demand Zone was formed also here. The Falling Wedge pattern is forming now with the Bullish divergence with the MFI. All these facts give us the evidences that $41500 level is going to be hold. If not I am temporary out of long positions.

Trade easy with Smart tools

Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform.

Similar blog posts

Skyrexio has integrated with Bybit to help users automate trading and simplify strategy execution across exchanges. Bybit users now have access to Alert […]

In this article you will learn how to combine Awesome Oscillator and Acceleration/Deceleration indicator in conjunction to have the trading zone for aggressive decisions.
Hello! Our COO Dmitry Efremov visited Token 2049 in Singapore! Here is the overview of key events there!
In this article you will learn how to use Acceleration / Deceleration indicator in your trading.
In this article you will learn how to use Awesome Oscillator in your trading routine.
Crypto market is crashing! People are panicking, is it good decision to sell now or Bitcoin will continue Bull run?