KMacUK

Small Resistance from Historic Data last Tested 08/03 to 11/03

BITFINEX:BTCUSD   Bitcoin
Looks like we are in a small test area that needs to push through, I am looking for a strong push and close above the $9900 mark to setup for the next target which is around $10300 - $10500.
The resistance area was taken from the previous area between 8 March and 11 March 2018.

With it being the weekend, where the BTC price has always declined/stagnated slightly in price and market cap i would assume that its time to look for an entry point on the alts, only for a short trade.
I will probably add to my LONG position if the close is above the indicated area by the end of the weekend.

Have a good one!
Happy Star Wars Day!
Good trading out there!
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.