BTC on its resistance area
Updated
BTC is on its resistance area. As long as the candle sticks are above the line A and has not break the line A to the right of it, two targets for bitcoin will be reachable. first possible reaction zone and also target is 40000 and second possible reaction zone is 47500.
If line A breaks, targets may fail and the chart will need reanalysis.
Note: If the RSI line remains under the value 50 it may probably breaks the line A but if it comes up above the 50 price will moves up toward 47000.
If line A breaks, targets may fail and the chart will need reanalysis.
Note: If the RSI line remains under the value 50 it may probably breaks the line A but if it comes up above the 50 price will moves up toward 47000.
Comment
The first target is reached.Trade closed: target reached
The second target in our analysis is reached.Disclaimer
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