ActiveCrypto

Lots and Lots of support/resistance and channels being broken.

BITFINEX:BTCUSD   Bitcoin
Key levels and prior support or resistance areas are being burned through. Prices doesn't have to correct. A trend is a trend until it's not! Right now I would recommend considering plan B scenarios if the current up trend is frustrated. Higher volume has picked up on 30M and 1Hr time frames and RSI is peaking out on the 4H chart. Furthermore there is 1 Hr left on a very bearish looking 4Hr candle. This idea is just a plan for the plan B scenario. Always keep in mind the downsides risks and what to look for in a correction.
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