Bitcoin's Horizontal Support and Resistance
Bitcoin has been respecting these horizontal support and resistance levels.
A couple of things to note.
1. The horizontal levels are equidistant...meaning the percentage distance between each level is the same.
2. At 30k, this is a strong level that goes back to 2021 when crypto first started to collapse. This would be an important level to take and hold. $36,500 would be the next level of resistance.
A couple of things to note.
1. The horizontal levels are equidistant...meaning the percentage distance between each level is the same.
2. At 30k, this is a strong level that goes back to 2021 when crypto first started to collapse. This would be an important level to take and hold. $36,500 would be the next level of resistance.
Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
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.
Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
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.