empty
 
 
21.03.2022 12:28 PM
Trading plan for Bitcoin for March 21, 2022

This image is no longer relevant

Technical outlook:

Bitcoin pushed through $42,500 mark over the weekend, marginally breaking the trading range before facing resistance. The crypto has pulled off the highs and is trading close to $41,300 mark at the time of writing. A failure to push above $45,200 level from here would bring back prices to $38,000-39,000 zone as the price is still trading sideways.

Bitcoin has been trading in a sideways consolidation since $46,000 highs. It could one more time before breaking out higher towards $50,000 mark. Ideally prices should hold above $37,000 mark to keep the triangle consolidation intact. Prices could find support around $39,000 mark in the next few trading sessions.

Bitcoin is producing a corrective rally towards $50,000 mark before resuming lower again. It is also the Fibonacci 0.618 retracement of the previous downswing between $69,000 and $33,000 levels respectively. Only a break below $34,000 will drag prices further lower towards $28,700, a major support.

Trading plan:

Potential rally through $50,000 against $33,000.

Good luck!

Summary
Urgency
Analytic
Oscar Ton
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback