BTC Will Continue Flying?
Let's start with the fact BTC bounced from the level $5011 BTC twicely, so now we can see a double bottom on the chart. We have also broken the resistance $5130 - $5150 and fixed above. Therefore, this zone can be considered as a great point to enter a LONG position.
I've mentioned all supports and resistances from April 11 with thin lines, and now we can see that they form which form an ascending wedge. If within this wedge the price drops to the levels $5130 - $5150 and returns back, then we can expect further upward movements and updaing of high levels. If not, the flat may continue for another couple of days.
We have several resistances above:
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I've mentioned all supports and resistances from April 11 with thin lines, and now we can see that they form which form an ascending wedge. If within this wedge the price drops to the levels $5130 - $5150 and returns back, then we can expect further upward movements and updaing of high levels. If not, the flat may continue for another couple of days.
We have several resistances above:
- $5300 is an unlabeled zone, as this is the upward resistance of an ascending wedge.
- $5450 - $5500 - resistance of the nearest high level after the pump from 4k.
- $5650 - $5700 - the level of an upward resistance built on the nearest peaks from which most LONG positions will also be closed.
- $5800 - $6030 - the strongest resistance, from this level began the dump on the 14th of November.
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