BitcoinUpdated BTC is at confluence point of four resistances !
BTC is going to fight with 4 resistances simultaneously ! Is it able to win the battle? Lets follow.
As shown on the chart, resistances are :
1. Major down trend line
2. 100 days moving average
3. Minor static resistance
4. minor dynamic resistance
Order of numbers shows importance of resistances with 1 being the most and 4 the least.
Do you think BTC can break out all these resistances? We have to be open minded but I think it needs a very strong trigger (if it can find any) to be able to survive this battle.
Good luck everybody
As shown on the chart, resistances are :
1. Major down trend line
2. 100 days moving average
3. Minor static resistance
4. minor dynamic resistance
Order of numbers shows importance of resistances with 1 being the most and 4 the least.
Do you think BTC can break out all these resistances? We have to be open minded but I think it needs a very strong trigger (if it can find any) to be able to survive this battle.
Good luck everybody
Note
So far, BTC lost the battle.
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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.
Related publications
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.