BTCUSD makes higher high, breaks above resistance on 4H

29 nov 2018

Bitcoin has successfully broken 4181 resistance on the 4H chart and made new support at the prior high, creating a support zone between 4060-4181. If this holds, it will release another leg higher with possible resistance at the psychological 5000, and then price resistance just under 5200.

30 nov 2018

Trade chiuso: stop raggiunto

Bitcoin has broken down below the 4060-4180 support zone, which has now become resistance. It appears to be consolidating now before another leg lower with 3600 support below. If it fails to make a lower low, it could then make a new run to try for another higher high and a break of 4400 resistance.