BTC Adheres to Basic TA Trends
BTC just jumped this morning to touch the trend line resistance from the peak in December. It's been doing this now for weeks, but this time under a massive drop in Volume.
Time will tell if we'll see it break through or continue towards the 5800 support line. We also have an intersection of strong support with the trend resistance in 1-2 days (Friday the 13th anyone?)
Can't wait to see a return of volume so we can see a bit more interesting movement. For now it's a good time to sit back and be patient for a major confirmation.
Follow me on Twitter, and I'll keep posting here on Trading View - like if you want to see more.
Time will tell if we'll see it break through or continue towards the 5800 support line. We also have an intersection of strong support with the trend resistance in 1-2 days (Friday the 13th anyone?)
Can't wait to see a return of volume so we can see a bit more interesting movement. For now it's a good time to sit back and be patient for a major confirmation.
Follow me on Twitter, and I'll keep posting here on Trading View - like if you want to see more.
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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.