First rule.
You don't long resistance and you don't short support.
Price at 50MA weekly - HEAVY RESISTANCE
Basic rule that support changes into resistance when it breaks. 5800 - 6000 clearly is the big resistance that held for many many months. Thus flipped into - HEAVY RESISTANCE
BTC loves the 61% and 78% fib retraces. ALL of the previous pumps above 6k were stopped at 61% fib levels. Price is currently between 61% and 78% fib levels.
Short it. SHORT IT BIG.
You don't long resistance and you don't short support.
Price at 50MA weekly - HEAVY RESISTANCE
Basic rule that support changes into resistance when it breaks. 5800 - 6000 clearly is the big resistance that held for many many months. Thus flipped into - HEAVY RESISTANCE
BTC loves the 61% and 78% fib retraces. ALL of the previous pumps above 6k were stopped at 61% fib levels. Price is currently between 61% and 78% fib levels.
Short it. SHORT IT BIG.
Nota
Triple daily bearish divergence!
Nota
Yes it is that simple.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.