Per my second last post about this red trendline - be mindful that there is a resistance located 109,800 to 110,000 zone.
Although Bitcoin can break above, that doesn’t mean the resistance is invalid. Price will weave above and below until it sticks and plays out.
Personally I watch these levels for sudden fast movement and confirmation that it’s holding as resistance.
If you see a fast drop initiate from these levels, be mindful that this could be indicative of intention to hit the lows around 20,000.
For more information see my previous posts.
Happy trading
Although Bitcoin can break above, that doesn’t mean the resistance is invalid. Price will weave above and below until it sticks and plays out.
Personally I watch these levels for sudden fast movement and confirmation that it’s holding as resistance.
If you see a fast drop initiate from these levels, be mindful that this could be indicative of intention to hit the lows around 20,000.
For more information see my previous posts.
Happy trading
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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.