Bitcoin Is Testing Trend Resistance
Updated
Good Morning!
This is bound to be a great upcoming week for BITCOIN.
I charted this analysis from the top down, the 2 timeframes that peaked my interest was the 4HR & 30Minute.
My trend resistance line is based from the 4HR Timeframe.
Everything else is from the Timeframe I'm posting from, which is the 30 minute.
Price has recently broken the trend resistance level, in hopes of making it support. We are currently battling above it after a recent spike into that level. I believe a rise to $18,770 is in the works. Multiple confluences show bullish sentiment, so I'm longing to that level. I set an intraday target @$18,500.
Leave a like & comment if you're trading BTCUSD this week
-Mr.Pipzz
This is bound to be a great upcoming week for BITCOIN.
I charted this analysis from the top down, the 2 timeframes that peaked my interest was the 4HR & 30Minute.
My trend resistance line is based from the 4HR Timeframe.
Everything else is from the Timeframe I'm posting from, which is the 30 minute.
Price has recently broken the trend resistance level, in hopes of making it support. We are currently battling above it after a recent spike into that level. I believe a rise to $18,770 is in the works. Multiple confluences show bullish sentiment, so I'm longing to that level. I set an intraday target @$18,500.
Leave a like & comment if you're trading BTCUSD this week
-Mr.Pipzz
Trade closed: target reached
All profit Levels were hit for a 700 Pip Gain +++
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