BTC/USD (Daily Mid Support Hit)

Sep 21, 2021

💎Technical Analysis Summary💎


BTC/USD

-Bitcoin hit the mid support around 40k dollar zone
-This area is a confluence of the 100D MA and Fib 0.5
-We can see the price reacted bullishly on this level
-The bulls immediately bought the dip within few minutes
-This is a good short term strength but still not enough
-We need to see BTC holding above Fib 0.5 for at least 3-5 days
-To confirm our bias that this area is establishing a supported territory
-For now, I'm patiently waiting for BTC to show more strength
-Before potentially entering new swing trade ideas
-Always take note that trading is not a race but a marathon
-Good luck everyone and keep safe



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