AN OBVIOUS TRENDLINE RESISTANCE

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As you see, we broke the trendline but failed to stay above it.
Now we see bitcoin trying to get above it, but we failed.
I think we can see a pullback to the 55k range, before we will try again to break the big resistance.

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ملاحظة

Why 70% chance up?
That is because 53400 is proven to be a solid support.
And next to that, as you see in my wyckoff chart, you see that the distribution is nearing the end. We can see the 53k, but i expect a big bounce from there.

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ملاحظة

however, its not a must we see 53k.
I have always a bit a 38k feeling for 53k.
Everyone was screaming for 38k end september, but we just went up.
That can happen now too ofc. Lets see!
Enjoy your day.

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أغلقت الصفقة: تم الوصول للهدف

And yes, we saw a pullback. To 54k