-My analysis according to trendlines and Fibonnaci-
So, BTC just broke out of the trendline, heading to the nearest resistance around 9000.
The retest is probably going to throw it to the junction of the lower trendline and support line which highlighted in the green box. (my judgment is also supported by the Fib retracement).
Note: It might even throw it harder to the lower resistance around 6800 then it can go back up.
BTCUSD
So, BTC just broke out of the trendline, heading to the nearest resistance around 9000.
The retest is probably going to throw it to the junction of the lower trendline and support line which highlighted in the green box. (my judgment is also supported by the Fib retracement).
Note: It might even throw it harder to the lower resistance around 6800 then it can go back up.
BTCUSD
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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.