Hello Community!
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
BTC Is trading right next to the major resistance which was recently broken with the Elon Musk status update. Since then price has fallen back into the triangle but has been staying very close to the top. If we can get a solid break above this line for a textbook S/R flip we can expect a healthy growth to retest previous A.T.H. If we get rejected then we will continue to move lower to next major support which is around 30k.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
BTC Is trading right next to the major resistance which was recently broken with the Elon Musk status update. Since then price has fallen back into the triangle but has been staying very close to the top. If we can get a solid break above this line for a textbook S/R flip we can expect a healthy growth to retest previous A.T.H. If we get rejected then we will continue to move lower to next major support which is around 30k.
This is not Financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
Comment:
If you look at my previous post titled (BTC 55 EMA Strong Support!) you'll notice price has hit major resistance line that has been around since December 2020. If this can break, we will 99.9% hit ATH and possibly pass it!