BTC possible breakout now. Also touch strong support. Very important resistance is 7000$ we can confirm new trend only if we close 1-day chart above it. Next resistance around 7500$ - 8000$ - 9200$.
Have a great day
BTC possible breakout now. Also touch strong support. Very important resistance is 7000$ we can confirm new trend only if we close 1-day chart above it. Next resistance around 7500$ - 8000$ - 9200$.
Have a great day
Nice Analysis @ivan19670472
It's seems we have very similar ideas:https://steemit.com/cryptocurrency/@kidmartin-95/bitcoin-btc-usd-intra-day-morning-analysis both are waiting for the close on the daily above $7,000, my resistance is $8,000-$8,500. This next bull run is going to be incredible! Wish you the best :)
gonne take a loop at your page now...:)
I'm liking the price action for a double-bottom reversal set up for a long trade, although on a logarithmic price scale, the descending trend line is still intact. I'm not saying log-scale is useful in a non-parabolic market, it's just interesting to note and crypto traders seem to be fans of the log scale (probably because of the exponential run up in price they've seen).
Logscale chart:
![](https://images.hive.blog/768x0/https://steemitimages.com/DQmdR6y3TKT2M4Z2HRuRtjdT6hPLuC9Fs5pggMvqsW1wSrh/image.png)
One of the reasons I'm putting more emphasis on horizontal support/resistance levels in my trade planning, than sloping trendlines, but I agree it looks like a bullish sign for BTC.
hey...nice a fellow crypto expert...TA in a whole doesn't work on BTC...:) but you are right with what you say...
annyway...think we will go deeper again...we will see...thanks for the reply
greetz