Ascending channel meets strong resistance point.
Has bounced of fib and will hopefully continue until meeting resistance point again (Technicals currently indicate buy)
Watch for break of support line and update stops often
Note: BTC had an identical scenario earlier in the ascending channel when it met strong resistance point and continued to soar. Anything is possible
Has bounced of fib and will hopefully continue until meeting resistance point again (Technicals currently indicate buy)
Watch for break of support line and update stops often
Note: BTC had an identical scenario earlier in the ascending channel when it met strong resistance point and continued to soar. Anything is possible
Note
BTC has breached support again.Possible head and shoulders.
Although, stochastic currently indicates oversold.
Keep a close eye
Note
remember 50.0% ($9000) most common retrace for wave 2
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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.
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.