BTC needs to reach this KEY level
BTC is currently testing major trend line resistance. Look for a break of this trend line and a higher time frame close in the 60k levels. This is the KEY level to watch. Should we break this then the next move to 70k+ is on the cards
We flipped resistance as support at the 56k level. We broke this on Sunday and have now backtested this a support, consolidating just under the trend line looking for a move to the upside.
We are currently coiling up for a big move potential to the upside if we can break this sequence of lower highs and break from this inverted head and shoulders pattern. Should we move up from here I expect the move to the be fast and impulsive.
A break of the swing low at 53.5k level would invalidate this move and the likelihood of dropping to the next major support level in the
48K is likely.
I have been trading crypto markets for over 4 years so If you appreciate this post and would like more please like the post and comment below. Happy trading 😎
We flipped resistance as support at the 56k level. We broke this on Sunday and have now backtested this a support, consolidating just under the trend line looking for a move to the upside.
We are currently coiling up for a big move potential to the upside if we can break this sequence of lower highs and break from this inverted head and shoulders pattern. Should we move up from here I expect the move to the be fast and impulsive.
A break of the swing low at 53.5k level would invalidate this move and the likelihood of dropping to the next major support level in the
48K is likely.I have been trading crypto markets for over 4 years so If you appreciate this post and would like more please like the post and comment below. Happy trading 😎
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