BTC failed to make an new ATH, Strong resistance at 60k - 62k
Uptrend since october 2020 has now been broken, now retesting as resistance
Before we made an ATH since 2017 we had an beartrap under this trendline so beware of this, could happen again
If we look at the fib retracement the 44k - 42k would be a good entry and we would make an powerfull S/R Flip on the 42k level
An other entry would be the S/R Flip of current strong resistance at 60k - 62k
Uptrend since october 2020 has now been broken, now retesting as resistance
Before we made an ATH since 2017 we had an beartrap under this trendline so beware of this, could happen again
If we look at the fib retracement the 44k - 42k would be a good entry and we would make an powerfull S/R Flip on the 42k level
An other entry would be the S/R Flip of current strong resistance at 60k - 62k
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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.
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.