BTC zoom in view, buy or sell?
Updated
Btc in a tricky area till it doesnt break the downward resistance line which has proved as a strong resistance
Chances of it holding are 50-50.
if it holds and pulls back the only support which comes in next is the red support line,once that gets taken out we will be back at 8000 levels.
Better to wait for a confirmed trade than get in early with a chance to lose money
Chances of it holding are 50-50.
if it holds and pulls back the only support which comes in next is the red support line,once that gets taken out we will be back at 8000 levels.
Better to wait for a confirmed trade than get in early with a chance to lose money
Note
the downward resistance line holding up perfectly with a doji forming on the 4h,a change in momentum at this point and btc can come back to lower levels
Note
successfully crossed the downward resistance line,next resistance at 11600-11750(11620) which is the top resistance horizontal line of the cup and handle.target of 17500
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