Hi,
In front of you the daily of Bitcoin.
Several times it touched that "long line" and hit an higher level. Two days ago it touched it (10th may). If it breaks the 9400 level it might be a long untill 10300 and will hit the multiyear upper level of the big triangle.
If it fails the long line the price could fall hard.
Good luck trading
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Also take a look at my long term (ch)art of bitcoin
In front of you the daily of Bitcoin.
Several times it touched that "long line" and hit an higher level. Two days ago it touched it (10th may). If it breaks the 9400 level it might be a long untill 10300 and will hit the multiyear upper level of the big triangle.
If it fails the long line the price could fall hard.
Good luck trading
--------------------------
Also take a look at my long term (ch)art of bitcoin
Note
above 9400 but there is some negative divergence on the rsi. upgoing price but lower rsi. That not a good sign. I keep an eye on it. Waiting for s/r flipping on the 4hr chart (so a new green 4hr candle on the 9400 support)Trade active
10250 sellTrade closed: target reached
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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.