BITCOIN | First critical level to break on the way up
When daytrading we sometimes tend to forget to look at the bigger overview.
You see the significance of the level we are attacking right now...?
If we break this then we break the downsloping triangle were in for 7 months.
This could be a major step on the way op if we can find support there.
So let's try to test the 7138 level today, massive resistance there.
But a lot will depend on how the S&P 500 will react today. Earlier this week we saw that Bitcoin is tight related to it.
Yesterday we saw Bitcoin could slowly start going his own way again, but good to watch the price action around 13:30 UTC when the NYSE opens.
You see the significance of the level we are attacking right now...?
If we break this then we break the downsloping triangle were in for 7 months.
This could be a major step on the way op if we can find support there.
So let's try to test the 7138 level today, massive resistance there.
But a lot will depend on how the S&P 500 will react today. Earlier this week we saw that Bitcoin is tight related to it.
Yesterday we saw Bitcoin could slowly start going his own way again, but good to watch the price action around 13:30 UTC when the NYSE opens.
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