LeMogwai
Short

Approaching key levels, bull trend line vs clouds resistance

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
756 1 11
As we can see on the graph, the price touched the trend line coming straight from $166, on chinese exchange this trend line has be broken but the price is trying to bounce back on.

Resistance is forming and $248 appears to be the key levels to break for the bulls.

I advice you to stay out of the market while price is in this area and to wait for a break out one way or the other.

I personally think about a bearish outcome but i m ready for both.
Better be ready for both. My last two bear scenarios failed so far.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out