norok

Swing TF "Line in the Sand"

norok Wizard Updated   
BITFINEX:BTCUSD   Bitcoin
After pulling back off the hit of $600 Bitcoin is battling a veritable "line in the sand" of resistance of $615. This line makes up the halfway point of the sharp down move of 9-11. Holding or breaking the line will determine price action over the next few days.
Comment:
Wow, crazy spike on BFX but the price action was not replicated on other exchanges. Looks like someone fat fingered an order. The line still stands and price looks to be coming back to hold it by closing bars.

"Be to others the person you needed to meet 10 years ago"

Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: www.youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
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.