This Chart makes a lot more sense on the daily because the breakout on daily 1 candle
Daily Chart Here:https://www.tradingview.com/chart/BTCUSD/MB38eHhC-New-Support-and-Resistance-for-BTC-Breakout-or-Crash/
However the rejection and inability to clearly breakout of 41,639 made me want to post this as it could possibly be a fake breakout from the rising wedge on the daily chart.
I was positive if it hit 41.6K it sky rocket... but it doesn't look to be that way, but time will tell
Resistance 41.6K
Old Resistance - Wedge Line 39K ish follow the cahrt
Older Resistance - 37.9K
Daily Chart Here:https://www.tradingview.com/chart/BTCUSD/MB38eHhC-New-Support-and-Resistance-for-BTC-Breakout-or-Crash/
However the rejection and inability to clearly breakout of 41,639 made me want to post this as it could possibly be a fake breakout from the rising wedge on the daily chart.
I was positive if it hit 41.6K it sky rocket... but it doesn't look to be that way, but time will tell
Resistance 41.6K
Old Resistance - Wedge Line 39K ish follow the cahrt
Older Resistance - 37.9K
Trade active
So far so good. Time will tell, as of this post btc is below resistance at $41,500 exactly
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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.