Bitcoin is currently at diagonal resistance which acted as strong resistance since February
>For last three times - if daily closed red near this resistance line, price has dumped hard next few days after breaking LTF diagonal support
>Price is currently at this resistance line for fourth time and daily has closed red already
I am expecting similar dump this fourth time in next few days, and we can keep uptrend above this resistance line
>For last three times - if daily closed red near this resistance line, price has dumped hard next few days after breaking LTF diagonal support
>Price is currently at this resistance line for fourth time and daily has closed red already
I am expecting similar dump this fourth time in next few days, and we can keep uptrend above this resistance line
Note
TD9 daily also showing trend reversalNote
Rising wedge with declining volume.Note
These above 3 reasons put together points towards a big short
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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.