Btc Analysis
BTC has now crossed my 1st resistance line and is heading toward the 2nd resistance line. This 2nd resistance line has been a problem on multiple occasions (june 20, july 8, Aug 25, Sep 2). At this point I don't see the volume needed to break through. I'm looking for 6000 + daily volume to crack this resistance line. At this point we are at 4600 volume. With 4 hours left in today's candle it's going to be a close call to break that 6000+ volume. Overall i'm still happy with the upward pattern inside my two orange support/resistance lines. It looks like we are coming close to a break out of the 2nd resistance its just a matter of when.
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