AN OBVIOUS TRENDLINE RESISTANCE
Updated
As you see, we broke the trendline but failed to stay above it.
Now we see bitcoin trying to get above it, but we failed.
I think we can see a pullback to the 55k range, before we will try again to break the big resistance.
Now we see bitcoin trying to get above it, but we failed.
I think we can see a pullback to the 55k range, before we will try again to break the big resistance.
Comment
Why 70% chance up?That is because 53400 is proven to be a solid support.
And next to that, as you see in my wyckoff chart, you see that the distribution is nearing the end. We can see the 53k, but i expect a big bounce from there.
Comment
however, its not a must we see 53k.I have always a bit a 38k feeling for 53k.
Everyone was screaming for 38k end september, but we just went up.
That can happen now too ofc. Lets see!
Enjoy your day.
Trade closed: target reached
And yes, we saw a pullback. To 54kRelated publications
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.