Way2saucey

$BTC pushing towards resistance. Bull trap?

COINBASE:BTCUSD   Bitcoin
$BTC coming up on 9.4k resistance level. I wouldn't personally play the 9.4k breakout setup because shortly thereafter is the long term down trend line, but this is also the best the buy volume has looked in a couple months. Ultimately, we are still very much in the down channel and would need a strong close above the 9.4k level to consider any further upside. I expect a short squeeze then trade sideways at this level unless 300 million more tethers are printed of course

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.