mikehobart

Trend Resistance @9948 b4 Psych Resistance @10k

COINBASE:BTCUSD   Bitcoin
BTC breaking $10k may end up being harder than it was looking to some of us, I just noticed that the trendline from 20Jan2017 that crosses the last high peak on 05Mar2018 acted as PERFECT resistance to BTC when also collaborating with the last level of resistance at this level back on 12Mar. ALSO to be considered, those lines of resistance are just barely above the 61.8 Fib Retracement from the previous movement.

In my eyes, I see a lot of rejection here for BTC. Now my skills of TA and experience in this field barely equal that of a squire... but to me this looks like an opening for a bloody battle of attrition for BTC. ALSO meaning that this is a great opening for the bulls to comfortably drive the price back down south.

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