TradingView
PentarhUdi
Oct 23, 2020 11:16 AM

Short term resistance Short

BITSTAMP:BTCUSD1W
Bitcoin / U.S. dollarBitstamp

Description

⋅
Bitcoin approaches short term strong resistance: upper trend line and upper BB border. I completely not sure it can beat them both from 1st try on weekly candle.

Comment

⋅
No reaction to this upper trend line... How about that?

Trade closed: stop reached

⋅
No. This is obviously failed channel. I can't ignore weekly macd picture and close above weekly BB. Parabolic move coming.
Trend Analysis
Comments
asefe
⋅
He has always been wrong recently. So, I think we will see 17k soon.
Satofomo
⋅
Papa, ne shorti
f-73
⋅
Broken monthly upper BB, monthly Parabolic SAR flipped.



Usually this leads to a strong impulse within 1 to 2 months ( which leaves som room for a retrace / bear trap ).

What do you think Lucif ?
Coledaman
⋅
@ft-73, Needs log scale
bestfarbit74
⋅
could be. lets see
vidrar
⋅
There's also bearish divergence on 1D, 3D, and weekly RSI
PolarHusk
⋅
Let us see if the bulls can break above the trendline resistance. 🐻‍❄️🙏😊😃
ethmike
⋅
Too many people I know are calling this obvious resistance...
BuyGanyo
⋅
expect the unexpected
f-73
⋅
Monthly BB there as well, mate.
I'd watch for close.

More