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dragononcrypto

BTC/USD: Tested resistance now to test support

Short
Bitcoin (COINBASE:BTCUSD)  
dragononcrypto Aggiornato   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC Bitcoin (Cryptocurrency)
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trendanalysis chartpattern indicator btcusd btc bitcoin
  • BTC has failed to breach the 10-month resistance trend line currently lined up at around $6,500.
  • Bitcoin will now likely test the $6300-$6,350 support area, or face falling to $6,200 and retracing the recent rally.
  • 15 Minute RSI is bearish (mid 30s) but with lots of room to drop to oversold levels (ie around 15-20).
  • Good 15M volume like yesterday evening which could swiftly change the outcome of a drop or bounce today.
Commento:
Still sideways trading, rejected perfectly by the resistance trend line three times however. Still expecting a drop to support, or more sideways trading...

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dragononcrypto
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