BTCUSDT Yearly Support/Resistance Areas
Not a big secret that high time frame candles and especially their Open and Close prices are solid areas of Support and Resistance.
Here is on the chart I marked yearly Open candles. Its 1M chart so its easy to see how price respects these areas.
In some cases it was resistance, but mostly good support areas.
The current Yearly open area, which is close to the price, is a range 28920-28940 usd (depending on the Exchange).
Monthly closes above it -> most likely will be continuation of aa movement, at least till next yearly open area.
Here is on the chart I marked yearly Open candles. Its 1M chart so its easy to see how price respects these areas.
In some cases it was resistance, but mostly good support areas.
The current Yearly open area, which is close to the price, is a range 28920-28940 usd (depending on the Exchange).
Monthly closes above it -> most likely will be continuation of aa movement, at least till next yearly open area.
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