BTC - Fighting Resistance
https://www.tradingview.com/chart/BTC1!/EUHXkLmb-BTC-Rate-Cut-Scenarios/
Again another picture perfect prediction thanks to the amazing analytical tools of Viaquant.
In our last post we laid out the two scenarios that were most likely to happen with the rate cut decision. The first scenario we laid out was the one that ended up playing out and we got the pop from $60,000 to $64,000. Exactly to our white line of resistance we laid out.
Now we are going to closer monitor if sellers heavily defend this area (which could lead to a drop to the CME gap) or if we can break above the white and orange lines which would lead us to the trying to break the most important level of 71.3k on the 3D chart. Once we get a close above that level is when the true fun begins.
Again another picture perfect prediction thanks to the amazing analytical tools of Viaquant.
In our last post we laid out the two scenarios that were most likely to happen with the rate cut decision. The first scenario we laid out was the one that ended up playing out and we got the pop from $60,000 to $64,000. Exactly to our white line of resistance we laid out.
Now we are going to closer monitor if sellers heavily defend this area (which could lead to a drop to the CME gap) or if we can break above the white and orange lines which would lead us to the trying to break the most important level of 71.3k on the 3D chart. Once we get a close above that level is when the true fun begins.
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.