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Toba
May 7, 2020 12:39 PM

WIll Bitcoin Close above Key Resistance Level-9222 ? Long

Bitcoin / U.S. dollarBitstamp

Description

Base on Daily time frame, Bitcoin failure to close above key Resistance level 9222 on daily TF may mean a entrancement.
If it successfully closes above key resistance level 9222, then we may see 9500-9600 .

I got to open long position on this yet, as I m observing to see if btc closes above this key R level.
This could mean a rally to and beyond 9500 other wise, we retest 9140 level.
I think btc halving might be a good aid for the rally

Before now, chart were done on Mon 4th May to understand the market direction. See charts below








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