$BTC - Bitcoin May Have Found a 2 Year Resistance Level?
Updated
Looking from April of 2017, I took the low point and connected to angle to the July low point. This placed a direction that later showed reaction from Bitcoin in Sept/Oct 2018 creating a potential trend line that could impact future price levels. Those levels have come back into play here in May of this year.
Too early to confirm just yet; nevertheless, initial reaction did indeed treat it as a resistance level. Too trust this more though, I'd like to see the RSI break below trend as marked.
Too early to confirm just yet; nevertheless, initial reaction did indeed treat it as a resistance level. Too trust this more though, I'd like to see the RSI break below trend as marked.
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Zooming in on 6H Chart...MACD & Stoch looking bearish, yet RSI still above trend. Price reaching lower support of wedge could also test RSI support.
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Let's also include the Bitcoin Dominance Chart here. As things have been bearish, creating a greater likeliness of ALT Season.Note
As I posted on Twitter... yes, it broken 9k yet don't react to price reaction. Wait for confirmation. I am not sold this will hold (just yet).twitter.com/RetireByCryptos/status/1134130094513872896?s=20
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All going to plan so far.... 
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