BTCUSD If it breaks out, it breaks out.
Bitcoin / BTCUSD is testing the Falling Resistance from its All Time High.
The historic cycles show that when this Resistance level breaks, it is never retested.
Symmetrically wise, as shown on the 1day RSI also, we are now on that prolonged Resistance test which will decide the trend. In 2016 it broke but in 2019 it failed but that Cycle started more aggressively.
Note also that this time Bitcoin is under the 1week MA100 as opposed to the other Cycles on that particular phase of the Cycle.
If it breaks, will it break for good?
Follow us, like the idea and leave a comment below!!
The historic cycles show that when this Resistance level breaks, it is never retested.
Symmetrically wise, as shown on the 1day RSI also, we are now on that prolonged Resistance test which will decide the trend. In 2016 it broke but in 2019 it failed but that Cycle started more aggressively.
Note also that this time Bitcoin is under the 1week MA100 as opposed to the other Cycles on that particular phase of the Cycle.
If it breaks, will it break for good?
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.