BitcoinLong
9.7 was the ultimate slayer
I had thought that the 9.2 resistance was going to be the one to watch, but the BTCUSD pair seemed to sail past this hurdle without skipping a beat. It was the earlier 9.7k that did it for this pair. We've seen this support play out in March, but before that twice at the end of January, a lot further back than the more recent 9.2k levels.
The pair has dived since and has lost it's previous weeks gains and came under some intense pressure from profit taking, barely managing a decent bounce before the cautious longs got out.
We're yet to post a lower low, so I think we're at in a bull run and in the medium to long term I'm still long.
Good luck!
The pair has dived since and has lost it's previous weeks gains and came under some intense pressure from profit taking, barely managing a decent bounce before the cautious longs got out.
We're yet to post a lower low, so I think we're at in a bull run and in the medium to long term I'm still long.
Good luck!
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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.