AlanSantana

$38500 Breakout or Rejection? Bitcoin's Same Local Resistance

AlanSantana Aggiornato   
BITSTAMP:BTCUSD   Bitcoin
We've been looking at the $38,000 - $39,000 price range as resistance based on multiple candlestick patterns and rejections.
This same resistance is right now at work.

This chart makes it very simple for you.

Above "Local resistance", Bitcoion can grow.
Below it, we get consolidation or more correction.

Additional details on the chart.

Namaste.
Commento:
Additional information (Bitcoin update on the 4h timeframe)

"The more a resistance level is challenged the weaker it becomes.
We have many attempts at EMA100 so this resistance should be becoming weaker."


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