I went long at $3640 when price broke the downward trend it'd been holding for the last few days. I'll scale out at the 3 resistance points I've identified. Stop loss set right where my entry price was. I'm guessing that, longer term, price is headed to major support around $2800, but short term I'm expecting this bounce.
Komentar
⋅
on 9/25, BTC broke through the blue resistance line then sharply pulled back to the second resistance line I identified. Price is either consolidating now or forming a triple top to head lower. Look for a break above $3975 for bullish confirmation.
@gingerheadtrader I posted several hourly charts like 2 weeks ago using RSI top side resistance lines. Most of the ideas failed. Technicals broke. I think only 1 or 2 out of 8 hourly charts worked. Just be aware of that. I still need to go back and analyze why they didnt work. Again it was on the hourly