BTCUSD APPROACHING RESISTANCE
The majority of traders are now speculating whether this is a bear or a bull market.
But the real question is, "how long will the price keep being rejected from this resistance"?
This led us to the idea of the price was forming a diagonal range, also known as- "The Rising Channel".
From the chart ,support and resistance line - these lines are important level to keep our eye on, in case the price moves towards resistance.
Our current trading plan is to wait to short again from the resistance zone when the RSI lays around the overbought area (above 70)
Kindly dive through the chart and leave us your comments about our perspective.
Moreover REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas!
Thank you!
But the real question is, "how long will the price keep being rejected from this resistance"?
This led us to the idea of the price was forming a diagonal range, also known as- "The Rising Channel".
From the chart ,support and resistance line - these lines are important level to keep our eye on, in case the price moves towards resistance.
Our current trading plan is to wait to short again from the resistance zone when the RSI lays around the overbought area (above 70)
Kindly dive through the chart and leave us your comments about our perspective.
Moreover REMEMBER to appreciate our effort with your likes and always subscribe(Click follow) to our profile for fast and quick daily updates on all our trading ideas!
Thank you!
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.