Price started its bullish move in the first week of April, and since then, it’s been making higher lows. Today’s candle broke cleanly above a key trendline, and price is now heading toward the $65.5 resistance, which could act as a critical decision zone.
Key Levels:
- Support: Around $63.2
- Resistance: $65.5 (next major wall)
- Setup: Trendline Breakout
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I’ve been thinking about how messy trading can get.
One day you're watching a video on scalping, the next you're trying to swing trade five different pairs. Then before you know it, your screen is cluttered with a million indicators, your confidence is shot, and your results? Even worse.
So for the month of May, I’m doing something different.
I’m calling it the...
BTC/USD has been rejected at the resistance zone of $85,148-$85,714, which aligns with a descending trendline, signaling potential bearish momentum. The price is currently testing an ascending trendline from $74,000.
Analysis
The rejection at $85,148-$85,714, combined with the descending trendline, indicates strong selling pressure at this level.
The ascending...
In the last four days, the began to decline up until last week Friday. Price came as as low as 0.9800 and began to range on Friday and Monday. I speculated a rise in price on yesterday (Monday) and so far price has broken Friday's high.
With this break, I anticipate a more rise in price. If you are not as conservative, you may choose to buy from 0.9840....
