titanomachy

Bitcoin: Resistance and Support

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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Just starting out with TA so I like to keep it as simple as possible, so here is a straightforward resistance and support idea for Bitcoin .
Apr 03
Comment: Looks like it bounced for now. Heavy resistance around the range of 7800-7900 USD and it is a level to watch. If it breaks that range we go upward fast. I expect it to bounce there and go lower before we go up.
Apr 03
Trade active: Bought at 7350 USD. Stop-loss at 7700 USD if we reach the 7800 - 7900 USD range.
Apr 14
Trade closed: target reached: 7900 got triggered and I sold. Price broke out of the pattern, but probably nobody expected that green candle.
Looks like the price of Bitcoin is bouncing for now, but there is strong resistance between 7400 - 7800 USD.
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