BITCOIN support and resistance
Hello Traders,
Since when Bitcoin broke downward from the triangle, the lower stem of the triangle is a perfect resistance line.
There is a strong resistance line at 8373,8 but also we have a strong support area between 8954,2 and 9082,1.
The direction is down since 2017.12.17. and I don't see any signal for turning.
If the price strongly breaks the resistance line at 8373,8 and closes under this, we can open huge short positions for big profits.
Follow me for new ideas:)
Since when Bitcoin broke downward from the triangle, the lower stem of the triangle is a perfect resistance line.
There is a strong resistance line at 8373,8 but also we have a strong support area between 8954,2 and 9082,1.
The direction is down since 2017.12.17. and I don't see any signal for turning.
If the price strongly breaks the resistance line at 8373,8 and closes under this, we can open huge short positions for big profits.
Follow me for new ideas:)
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.