Can Bitcoin break resistance and head to 75K LONG
Updated
BTCUSD is impending on its third attempt to break through the resistance zone of 69-70K,
having hit about 72K on March 13th. Buying volume relative to selling remains high. Both
the faster and slower RSI lines remain above 50. I amd holding my long position in BTCUSD
and watching to see if price can break resistance. If it can another leg higher could begin.
So, if the break occurs, I will add substantially to the position
having hit about 72K on March 13th. Buying volume relative to selling remains high. Both
the faster and slower RSI lines remain above 50. I amd holding my long position in BTCUSD
and watching to see if price can break resistance. If it can another leg higher could begin.
So, if the break occurs, I will add substantially to the position
Note
Bitcoin could be printing a Head & Shoulders pattern forecasting a move down from here. Note
Price sideways patiently holding. Expect consolidation until weekend volatility.Note
Trade active
Note
Note
Trade active
Adding to position with 0.01 lot buys at low pivots- DCA and Zig Zag ....Trade active
Current Plan from Analysis- pending further geopolitical overlayTrade active
Bitcoin is getting buying volumes from the London session. this is a good sign forthe NY session to follow
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