closes out the month with a ratio of 4.23 BLX
closing above long term resistance @ a ratio of 3.81. Recent high in June 2019 BLX
peaked @ a high ratio of 4.72 but failed to maintain support above key level of 3.81 closing the month @ 3.65. The only month to close above 3.81 ratio was December 2017 which had a high of 7.38 ratio of BLX
. If Bitcoin
can maintain support above the previous key resistance we can look for Bitcoin
to test the previous high of 4.72 set June 2019. Then with a strong close above the previous high from June 2019 the next targets would be monthly closes around 5.21 and on to test all time high ratio of 7.38.