besi
breakout
btc
btcusd
candlestick
chartpattern
consolidation
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crypto
long
range
rangetrading
supportandresistance
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BESI price broke resistance (now support) and entered in a range where it traded before. Expecting a significant move up, with a potential pause and maybe reverse at the orange resistance level.
2
Somewhere between June and November 2022 bitcoin traded more or less in a range (orange area). Not it entered the range again, hitting and bouncing off the top edge of the range (which is now resistance). It could, therefore, trade again in this range if it cannot break this resistance. If, however, this resistance is broken, then we could see a nice move upwards.
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