Updated

BTCUSD Important Resistance Broken – My First Trading Idea

Bitcoin just broke a long term resistance this week. Moon or bulltrap?

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Clearer view on weekly

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Detail view with 3D

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Thanks to zerocashcool for pointing out the great MACD and RSI on the Monthly!

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Little correction/rectification: Resistance is broken on the WEEKLY, on the monthly it's pierced as of now.

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The weekly candle from last week closed just above the resistance line in my TA. Depending on how the line is drawn (best done on the weekly IMO) and exchange data, it is a closing or not above the resistance.

Trade active

Will it act as support again?

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.