- Bitcoin Insider
- Posts
- ETHBTC Key Support| Trend Change? Bottom?
ETHBTC Key Support| Trend Change? Bottom?
ETHBTC’s market structure has been bearish for a considerable period of time, price action is currently testing the POC, Bullish Order Block and the Dynamic S/R Support for a potential reversal zone.
In Partnership 🤝 With
Today’s report will include:
Updated Technical Analysis
Other key market developments
Market Psychology
Trading Tools
ETHBTC Long Trade 📈
In Today’s analysis -ETHBTC- bottoming around a support region that has multiple technical confluences.
Points to consider ✍️
Point of Control Support
Dynamic S/R Support
Bullish Order Block Support
.618 Fibonacci Confluence
Swing High Objective
ETHBTC’s market structure has been bearish for a considerable period of time, price action is currently testing the POC, Bullish Order Block and the Dynamic S/R Support for a potential reversal zone.
Price Action need to establish a local bottoming structure around the .618 Fibonacci confluence zone, this will increase the probability of a bottom being in pace.
Overall, in from Bitcoin Insider’s perspective, ETHBTC is a valid long with defined risk, price action it to be used upon discretion/ management. ✍️
Hope this analysis helps.
Trading Tools ⚒️ 🔧
TradingView Charting Platform: Where the world charts, chats and trades markets. We're a supercharged super-charting platform and social network for traders and investors 💹 📈
Blofin Cryto Trading Platform: BloFin is your next crypto trading solution that provides an easy-to-use, secure and reliable trading experience to accommodate all folks. 💵 💰️
Trading Education - BabyPips: Babypips helps new traders learn about the forex and crypto markets without falling asleep. We introduce people to the world of trading currencies 📖 📚️
Blofin Deposit Bonus for Bitcoin Insider Readers 💰️ 💰️
X Segment 📰 🗞️
The bottom picture is happening faster than we think.
— Bitcoin for Freedom (@BTC_for_Freedom)
10:11 AM • Nov 22, 2024
Trading Psychology 🧠
How did we do in this issue? |
Bitcoin Insider bouncing back to work, See you in the next one! 👊