This Weekly Bearish Retest Should Be The Main Line On Your Chart

20 mar 2020

After the amazing 30% increase of BTC over the last 1.5 days it's time to zoom out and look at a possible area of reversal. When we go back to the weekly at the end of November '19 we can see a perfect correlation to the resistance found today at 6900. This bearish rejection can give more power to the bears, indicating a temporary reversal. Keep a very close look on this level for your technical analyses!

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

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20 mar 2020

Trade attivo

So far the retest resulted in a heavy rejection. Looks like the price was not able to go above the weekly resistance level yet!