before coffee analysis- short term boost?
Hello there wonderful person!
Hope you are having a great day or start of the day, depending on your time zone. My time zone it is breakfast time and I decided to look at the chart before heading to work and it seems the market price just broke both triangles and hit an old resistant line.
Changes
Added the new resistant line in red to visualize where it is holding at the moment. This is not a new resistant line if you look at it on a daily chart you will see this line been hit numerous times. I have removed it on my publish chart to minimize clutter.
Conclusion
So my day to day charts are a lot more messy than my publish chart, reason being that it is very hard to see what I would like to highlight if you have not been working on the chart for some time to get accustomed to it.
Day to day chart have the old fibonacci to track history and 20 or more resistant and support lines charted, as well as 10 algorithmics legends so it takes up a lot of space.
But back to the publishing chart at hand, and the market price hit the resistant line at 7068 EURO, and it will be interesting to see if:
With the global events happening, there is no way to tell; but if we want a healthy increase in price that is more likely to hold.
I would hope that the price does the second or third option in the list above, before starting to increase again.
Anyways that is what I had time for this morning before my coffee.
Wish you all a great day, and do not forget to take a breather and enjoy the day, and not just the BTC price.
Hope you are having a great day or start of the day, depending on your time zone. My time zone it is breakfast time and I decided to look at the chart before heading to work and it seems the market price just broke both triangles and hit an old resistant line.
Changes
Added the new resistant line in red to visualize where it is holding at the moment. This is not a new resistant line if you look at it on a daily chart you will see this line been hit numerous times. I have removed it on my publish chart to minimize clutter.
Conclusion
So my day to day charts are a lot more messy than my publish chart, reason being that it is very hard to see what I would like to highlight if you have not been working on the chart for some time to get accustomed to it.
Day to day chart have the old fibonacci to track history and 20 or more resistant and support lines charted, as well as 10 algorithmics legends so it takes up a lot of space.
But back to the publishing chart at hand, and the market price hit the resistant line at 7068 EURO, and it will be interesting to see if:
- It pushes through even further up towards the next one at 7460 EURO
- Or will it go back down to 6820
- Or will it go to 6680
With the global events happening, there is no way to tell; but if we want a healthy increase in price that is more likely to hold.
I would hope that the price does the second or third option in the list above, before starting to increase again.
Anyways that is what I had time for this morning before my coffee.
Wish you all a great day, and do not forget to take a breather and enjoy the day, and not just the BTC price.
Happy hunting and stay safe!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.