BTCUSD is impending on its third attempt to break through the resistance zone of 69-70K,
having hit about 72K on March 13th. Buying volume relative to selling remains high. Both
the faster and slower RSI lines remain above 50. I amd holding my long position in BTCUSD
and watching to see if price can break resistance. If it can another leg higher could begin.
So, if the break occurs, I will add substantially to the position
having hit about 72K on March 13th. Buying volume relative to selling remains high. Both
the faster and slower RSI lines remain above 50. I amd holding my long position in BTCUSD
and watching to see if price can break resistance. If it can another leg higher could begin.
So, if the break occurs, I will add substantially to the position
Note
Bitcoin could be printing a Head & Shoulders pattern forecasting a move down from here. Note
Price sideways patiently holding. Expect consolidation until weekend volatility.Note
Trade active
Note
Note
Trade active
Adding to position with 0.01 lot buys at low pivots- DCA and Zig Zag ....Trade active
Current Plan from Analysis- pending further geopolitical overlayTrade active
Bitcoin is getting buying volumes from the London session. this is a good sign forthe NY session to follow
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.