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UnknownUnicorn6061584
Jan 11, 2020 4:23 PM

BTC|USD - The Price Fixed Above Previous Range Long

Bitcoin / U.S. dollarBitstamp

Description

Greetings. Please leave a Like if you like the idea

As a good sign we have - the Price holds above its previous range and is supported on previous resistance zone.

This can lead us to Resistance trendline and Resistance horizontal will be tested.

Break out the resistance trendline would be a very bullish sign. Now we can initiate long but be cautious with the position, because some strong resistance still stay unbroken.

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Not a Financial Advice
Comments
nrmt2010
Thanks for nice analysis...
UnknownUnicorn6061584
@nrmt2010, good to hear this
UnknownUnicorn6061584
@nrmt2010, thanks for support
TradingShot
If that Lower High trend line breaks, then yes those are the targets. What do you think of Bitcoin's use as a safe haven?

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