lysergik

Significant rejection from stablecoin dominance resistance

lysergik Updated   
INDEX:BTCUSD   Bitcoin
As exemplified in my previous post we have interacted with and rejected down from the stablecoin dominance resistance after the big bullish impulse.

Stablecoin Dom. Daily; from previous post

Stablecoin Dom. 1h; As of this post

How bitcoin interacts with the green trend support zone and red resistance zone generally marked on this chart should will us prepare for a retest of bitcoin's ~28k local resistance or continue retracing further down.

Comment:
New local trend resistance
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.