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Skyrex
Mar 6, 2023 5:22 PM

Bitcoin - too much resistance ahead! Long

Bitcoin / TetherUSBinance

Description

Hello, my friends!

It's time to look at the Bitcoin price action using the classical TA tools. First of all let's notice that BTC is struggling to go lower because of huge support. If it's going to pump it should do it rapidly.

In the opposite case the huge resistance can easily reverse it to the downside. First resistance is located at the trendline. If it's able to break it through the next level is 0.61 Fibonacci and supply zone at $23800.
What about my trades? Now I am in long, but ready to immediately to close it if the pump is not going to happen. Let's see.

Best regards, Ivan
Comments
Clonex
None of the graphics you create hold up. 🤡🤡🤡
irishvine
Give update please
Gold-Tech
Keep up the good job
KoDPrey
Ivan, we are painting Higher Low. We can see another leg up to 28k. Watch out.
WalterMoon
Good BTCUSDT idea, agree!
LegionQ8
Nice chart mate, it's correct idea as always from you
oakoakoak999
very possible. nice analysis
Kurosh2023
you crazy..one time up one time down..are u ok ?
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