BITCOIN RESISTANCE AHEAD
Updated
Bitcoin is back in the big daily range and successfully retested an important level with a SFP (Swing Failure Pattern).
There's a lot of heavy resistance ahead
Our indicators show that there's potential for a little more upside in the current price action.
One major problem is the current volume which isn't showing any signs of strength as of now.
There's a lot of heavy resistance ahead
- Top of the Range + Fibonacci Golden Pocket
- Yearly Open + 0.786 Fib Level
- Monthly/Quarterly Open
Our indicators show that there's potential for a little more upside in the current price action.
One major problem is the current volume which isn't showing any signs of strength as of now.
Comment
Bitcoin failed to close above the yellow box and dumped back to the weekly open.
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