EncroMoney

EncroMoney

Bitcoin is currently on a breakout against the US dollar, local resistance at 37800 has been broken and we are currently at the Elon musk scam wick resistance of 38200. It is only a matter of time before we go to test the psychological resistance of 40,000 and if broken we could see a move to create a new all time high.

EncroMoney

description is on the chart. Studying possible breakout.

EncroMoney

Please do not laugh, fairly new to trading, need some rep points so can chat to the other traders on here. I have so much to contribute. Monthly close on BTC, today, If we close below 28900 usd then we will form a hammer pattern signaling a top has been formed on the monthly, this could bring BTC down to 13800. On the flip side, if BTC closes above 40000 usd then...

EncroMoney

Good buy zone, support holding strong, TA being respected. Possible breakout to the upside.