Jozza bet: 80% bear.
Price topping out confirmed. Next resistance:
353 - Old Fibb resistance,
340 for horizonal support price.
300 for old long turned resistance (Please zoom out).
Expect a slow bleed on this one. It will likely not break 360
Most important thing to watch currently is how the price reacts to the shown yellow support/resistance line. If we cannot breach it within the next 4-8 hours, we will likely have a high volume sell off.
Expect a slow bleed on this one. It will likely not break 360 without a sustained period of 'sideways'. On the longer term, a high level of support is being shown in the 300-360 range and has done for several months. With the high strength of the US dollar, we are on a pseudo bull run with Bitcoin. This can be seen on the BTCUSD/DXY.
Price topping out confirmed. Next resistance:
353 - Old Fibb resistance,
340 for horizonal support price.
300 for old long turned resistance (Please zoom out).
Expect a slow bleed on this one. It will likely not break 360
Most important thing to watch currently is how the price reacts to the shown yellow support/resistance line. If we cannot breach it within the next 4-8 hours, we will likely have a high volume sell off.
Expect a slow bleed on this one. It will likely not break 360 without a sustained period of 'sideways'. On the longer term, a high level of support is being shown in the 300-360 range and has done for several months. With the high strength of the US dollar, we are on a pseudo bull run with Bitcoin. This can be seen on the BTCUSD/DXY.
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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.