BTC vs USD: Lower highs and higher lows; struggles to push higher and approaches the tip of the symmetrical triangle
What's going on with BTC vs USD?
BTC vs USD: BTC managed to hold its trading position at 3570.40 support as indicated in my previous update, Jan 14/1/2019 and took out four target points on Tuesday 15/1/2019 reaching the highs of 3798.30 before pulling back to 3625.90 support. BTC attempted to head back up to 3743.40 in this week trading session but failed and was pushed back down to 3625.90 support. BTC continued to hold a high support level but was unable to advance for higher highs and drifted towards the end of the triangle price pattern.
My thoughts on what may happen
BTC vs USD: BTC could breakout soon. The question we all want to know is which way it's going to head next. BTC needs to hold above 3688.70 to head back to the upside. The Pair could lead down to 3625.90 and 3570.40 if it fails to maintain at 3665.60 support.
Support: 3688.70,3665.60, 3625.90, and 3570.40
Resistance: 3743.40, 3798.30, 3878.60, and 3933.50
We explain the market movements and its potential next move to help and guide you to possibly make the right decision on when to enter, apply to stop losses to protect your capital, take profit and exit your position.
What's going on with BTC vs USD?
BTC vs USD: BTC managed to hold its trading position at 3570.40 support as indicated in my previous update, Jan 14/1/2019 and took out four target points on Tuesday 15/1/2019 reaching the highs of 3798.30 before pulling back to 3625.90 support. BTC attempted to head back up to 3743.40 in this week trading session but failed and was pushed back down to 3625.90 support. BTC continued to hold a high support level but was unable to advance for higher highs and drifted towards the end of the triangle price pattern.
My thoughts on what may happen
BTC vs USD: BTC could breakout soon. The question we all want to know is which way it's going to head next. BTC needs to hold above 3688.70 to head back to the upside. The Pair could lead down to 3625.90 and 3570.40 if it fails to maintain at 3665.60 support.
Support: 3688.70,3665.60, 3625.90, and 3570.40
Resistance: 3743.40, 3798.30, 3878.60, and 3933.50
We explain the market movements and its potential next move to help and guide you to possibly make the right decision on when to enter, apply to stop losses to protect your capital, take profit and exit your position.
