Get started
CommanderCrypto

Apr 11 - Bitcoin resistance levels & buy/sell zones (long term)

Bitcoin (BITFINEX:BTCUSD)  
CommanderCrypto Updated   
BITFINEX:BTCUSD   Bitcoin
Support and Resistance Trend Lines Pennant Bitcoin (Cryptocurrency) buy SELL zones
1
0
supportandresistance trendline pennant bitcoin buy sell zones
We can see a bearish pennant forming, but is there still room to go down? Support around 6600-7000 seems to be pretty strong. However, the charts tell a different story.
Comment:
Breaking out upwards? or a bull trap? wait at least for a (few) significant candles outside of the wedge for confirmation.

Related Ideas

CommanderCrypto
May 16 - Bitcoin resistance/support levels & buy/sell zones
CommanderCrypto
Mar 27 - Bitcoin resistance levels & buy/sell zones (long term)
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.