BTC ::: Reaction Soon
BTC is approaching to test two important lines:
First, the red -- This is the third attempt. it was rejected twice before.
Second, the top orange -- it's an extrapolated trendline expected to act as resistance at least on first attempt.
The reaction here will be interesting.
1. If rejected, a small pull-back is likely to prepare for another attempt versus a major drop.
2. If price breaks through, a small rally followed by a pull-back to re-test at-least the red line.
First, the red -- This is the third attempt. it was rejected twice before.
Second, the top orange -- it's an extrapolated trendline expected to act as resistance at least on first attempt.
The reaction here will be interesting.
1. If rejected, a small pull-back is likely to prepare for another attempt versus a major drop.
2. If price breaks through, a small rally followed by a pull-back to re-test at-least the red line.
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.