I just wanted to pinpoint the expected resistance levels that we'll probably encounter if BTC continues its uptrend.
These levels are defined by daily/weekly support and resistance levels and align quite closely with some fibonacci extension levels.
Is it possible to skip a level ? Sure .... Is it possible to go back down ? Of course it is ... it is a financial market.
So in short, this is not a prediction of where BTC will go, however, if it does, it shows you the levels where you can expect sellers to come in and try to push price down.
These levels are defined by daily/weekly support and resistance levels and align quite closely with some fibonacci extension levels.
Is it possible to skip a level ? Sure .... Is it possible to go back down ? Of course it is ... it is a financial market.
So in short, this is not a prediction of where BTC will go, however, if it does, it shows you the levels where you can expect sellers to come in and try to push price down.
Note
Testing the 8.9k level again which has been strong support/resistance for over a week. Let's see if we can hold it. If we would break below, 8.4k is on the table.
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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.
Check out my FREE indicator scripts:
► tradingview.com/u/Profit_Through_Patience/
► tradingview.com/u/Profit_Through_Patience/
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.