BTC is going to fight with 4 resistances simultaneously ! Is it able to win the battle? Lets follow.
As shown on the chart, resistances are :
1. Major down trend line 2. 100 days moving average 3. Minor static resistance 4. minor dynamic resistance
Order of numbers shows importance of resistances with 1 being the most and 4 the least.
Do you think BTC can break out all these resistances? We have to be open minded but I think it needs a very strong trigger (if it can find any) to be able to survive this battle.
It’s too soon to break out.. it’s doing the correction then the massive drop coming into the place
SaeedSajedi
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@Richburst9, Most probably you are right.
oliverrathbun
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It's got that nice bullish stair step pattern that often quietly leads into a breakout pattern. One would assume that down trendline will offer some resistance but trendlines are meant to be broken...so far I'm leaning bullish.
SaeedSajedi
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@oliverrathbun, Thanks for the comment. I usually watch resistances carefully and try to stay neutral although I always have my guess. I think it may go down to 14700 but I am ready for opposite scenario. Thanks for sharing thoughts.
Pab777
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Ma 9 crossing Ma26 on my Ichimoku last that occur 10 june crash and there us very close to ma 100 and ma50 death cross and weekly klinger doesn't look good can move to 22800 even and fail or