jwammo12

BTCUSD makes higher high, breaks above resistance on 4H

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has successfully broken 4181 resistance on the 4H chart and made new support at the prior high, creating a support zone between 4060-4181. If this holds, it will release another leg higher with possible resistance at the psychological 5000, and then price resistance just under 5200.
Trade closed: stop reached: Bitcoin has broken down below the 4060-4180 support zone, which has now become resistance. It appears to be consolidating now before another leg lower with 3600 support below. If it fails to make a lower low, it could then make a new run to try for another higher high and a break of 4400 resistance.
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Great call!
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jwammo12 MrMarketMaker
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