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mikealliano59
May 7, 2021 6:44 PM

BTCUSD BITCOIN updates,unbrokn resistance Long

Bitcoin / U.S. dollarBitstamp

Description

Current right now BTC is seeing a strong resistance for breakout ,

This is the 5th time testing 58354 area ..where we can see the blue line, there hold a strong unbroken resistance if it happens to break it and get to 61k then we look for retest back to 57652 area to +OB ( order block)

Note:

Watch and don't rush in and also there is probability if it continues failing to go up then we will see a bit drop down 57652..

But no certainty as at this moment afternoon NY time 14.42 7th May 2021

If you need help on spotting the chart, price action...
You can contact us...to learn
Comments
Ashbarker23
No
mikealliano59
@Ashbarker23 No what??
navid97
Too crowded and incomprehensible
but when i read your caption understood
AlkalineFX
Love this analysis bro!
mikealliano59
I am glad you got something from the analysis...much appreciated

I will be more since and with price action explained note...

also you are right crowded and uncertain movement...but i am a long and watching it more carefully
mikealliano59
thanks bro....more to come
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