BitcoinLong
BTC $4,000 Resistance Looking Very Weak
On March 18th (UTC) there were 7 wicks above $4,000 on the 1H (in 24H) (blue). This substantially discredits $4,000 as a resistance. Additionally, a higher high was painted (pink) discrediting the idea of consistently lower highs.
$4,000 expected to fall once again, and eventually I expect this to breakout and run to ~$4,100.
Additionally (not shown above):
On the 1D chart, we painted our 6th higher-low today, showing the true weakness of bears.
$4,000 expected to fall once again, and eventually I expect this to breakout and run to ~$4,100.
Additionally (not shown above):
On the 1D chart, we painted our 6th higher-low today, showing the true weakness of bears.
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.