Before we try to breakout the yearly downtrend resistance, we have to breakout the long term uptrend line as a resistance.
In my chart, the resistance is at around 7450. And 100 ema is also stay there.
Now we are quite a good bull(?) run and some of us are willing to prepare for party now.
That's O.K. if you keep your stop loss strictly.
I think BTC could choose either way, up or down.
Good luck.
In my chart, the resistance is at around 7450. And 100 ema is also stay there.
Now we are quite a good bull(?) run and some of us are willing to prepare for party now.
That's O.K. if you keep your stop loss strictly.
I think BTC could choose either way, up or down.
Good luck.
Note
looks like 50ema acts as a resistance. its on around 6815.100ema is on 7152
long term uptrend line is on 7250.
Note
short-term uptrend line(black) acts as the support line.
Note
Note
Red dot line is short term suuport & resistance line.
Fib 0.886 is $6772 and it is the top of pennant.
Let's see where does BTC go.
Note
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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.