Jozza bet: 80% bear.
Price topping out confirmed. Next resistance:
353 - Old Fibb resistance,
340 for horizonal support price.
300 for old long turned resistance (Please zoom out).
Expect a slow bleed on this one. It will likely not break 360
Most important thing to watch currently is how the price reacts to the shown yellow support/resistance line. If we cannot breach it within the next 4-8 hours, we will likely have a high volume sell off.
Expect a slow bleed on this one. It will likely not break 360 without a sustained period of 'sideways'. On the longer term, a high level of support is being shown in the 300-360 range and has done for several months. With the high strength of the US dollar, we are on a pseudo bull run with Bitcoin. This can be seen on the BTCUSD/DXY.
Price topping out confirmed. Next resistance:
353 - Old Fibb resistance,
340 for horizonal support price.
300 for old long turned resistance (Please zoom out).
Expect a slow bleed on this one. It will likely not break 360
Most important thing to watch currently is how the price reacts to the shown yellow support/resistance line. If we cannot breach it within the next 4-8 hours, we will likely have a high volume sell off.
Expect a slow bleed on this one. It will likely not break 360 without a sustained period of 'sideways'. On the longer term, a high level of support is being shown in the 300-360 range and has done for several months. With the high strength of the US dollar, we are on a pseudo bull run with Bitcoin. This can be seen on the BTCUSD/DXY.