According to last night's analysis, after a failure to defeat the 6666 resistance, he rested a little and a few hours ago he largely overcome it.
At the moment, it is at the most strategic point in the last 7 months. Because it defeats an important flag through a definitive passage of 6666 resistance. And if the passage of 6800 enters a new stage.
I believe this...
The resistance of 6666, the 10-day canal ceiling, the 27-day flag ceiling, coincided. As a result, he failed to defeat this volume of resistance. It is expected to rest a little and try again to break this resistance.
On the other hand, a cross has occurred at the sensitive point of the index. In addition, in the one-hour time, Moving Average has been successful...
Could not defeat 6666. At the moment, it is located at the ceiling of the 10-day canal and the 27-day flag. In the next post, we will point to the behavior that may occur in the coming hours.
On the upside, resistance is 6666. This resistance, which in some cases also served as support, has delayed the bitcoin track many times since 06/10.
Bitcoin may slow down against this resistance. Because the floor also supports 6600.
If the resistance breaks down, it will go up to 6718.
It may be due to the Dodgey that took place in the past 8 hours and the market is uncertain, although it can pass through the 50-day canal, but goes down to a range of 6278, 6200 and then 6160. This fall could be a continuation of the 20-day flagship.
It is building a flag. The flag that started after 2 days ago. The end of this flag may be bullish. In the same vein, there is a resistance of 6155 and 6200. Also, there is a support line of 5900 at the bottom of the 40-day channel.
Yesterday, following a divergence and a pump, it returned to the descending channel. Now, between the bottom of the descending flag that lasts eleven days and the bottom of the down channel that is forty days old has been stuck. The strong resistance of the 6300 is ahead. He himself creates a flagship between these two streams.
Wait for further analysis.
Compare these two charts together. RSI formation after about three years has passed since its last powerful item. At that time, during the quarter, Bitcoin raised $ 210 to $ 410.
