Here we have BTCUSD on the 4HR chart! We have two higher lows and could be posting a second higher high soon, inside the ascending channel. If we can push through the horizontal channel I have highlighted, I think we break 10k this time! LET'S GOOOOO!!!
Note
As you can see, the first line of resistance has been a tough one, right where I drew it. If we don't get some momentum upwards soon, we could see a retest to the bottom of the channel.
Note
Drop happened shortly after my update. The channel is holding for now and I think it will reverse and test my resistance zone again.
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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.