MikeMoh

BTC breaking out the resistance !

MikeMoh Mis à jour   
BITFINEX:BTCUSD   Bitcoin
in our last analysis, we talked about the importance of breaking out this trend line in order to test the major trend line, as we see on the 4 hour chart we did have a candle close above the trend line which is a good sign, but i personally need to see a DAILY candle closes above the trend. the price seems to be re-testing this trend line before taking off.

alternatively , if we fall to break on the daily chart we may head straight down to the major support trend line.

watch daily candle closely.
Commentaire:
after retesting the minor trend RED we had a nice bounce , now we are at resistence area from 7000 to 7200, a close above that will give us a clear path to the Major trend line at around 7750-7850.
Trade fermée: cible de profit atteinte:
very nice and clean.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.