This (Thick Red) line is one I'm not seeing in many charts and as we know the more times a resistance is tested the more valid it becomes
Many people are talking about the bullish momenum up to $10.5k or
12K but I think this line will offer some significant resistance at $9.3k
We have not crossed this line since mid Jan....
My outlook is still bearish short term but this could also be clouded by the overall trend and my search for a cheap buy
Happy Trading
Markets dont repeat but they often rhyme
Many people are talking about the bullish momenum up to $10.5k or
12K but I think this line will offer some significant resistance at $9.3kWe have not crossed this line since mid Jan....
My outlook is still bearish short term but this could also be clouded by the overall trend and my search for a cheap buy
Happy Trading
Markets dont repeat but they often rhyme
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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.