is trading on a 1D Channel Up ( RSI
= 71.215, MACD
= 232.600, Highs/Lows = 208.7655) that has just made a Higher High at 5,784.30. This action is bearish
enough on its own and is calling for a sell with TP = 5,250 (Higher Low expectation). What adds more selling pressure is the fact that it hit the 5,775 - 5,865 1W Resistance Zone
(previously a monthly Support Zone
from February - November 2018). If the rejection is indeed on the 1W level, once the 1D Channel Up breaks, we will extend the selling towards the 4,400 Support. The 1M Lower High trend line
(red bold line) may also reject the current uptrend.
Long term charts on Bitcoin:
.png' src='/static/images/svg/idea-image-placeholder.svg' alt='Bitcoin: Roadmap to the next Halving. Reward phases and cycles.' class="js-image-lazy-load">
) to get more daily ideas. **
Comments and likes are greatly appreciated.