BTCUSD - Where is the resistance? | Technical Analysis - Update

in #cryptocurrency • 7 years ago (edited)

Hello folks,

As we can this week, BTC has started quite bullish. Anyone who followed my last chart could have been in pretty good profit .

Here is another update to my previous BTC anaylsis

https://www.tradingview.com/chart/BTCUSD/ZKlrtMya-BTC-Bear-trend-soon/

BTC Technical Analysis


1. Perfect Bounce on Kijun Sen line

2. BTC heading towards upward "rectangle of resistance"

3. Rectangle of resistance is key area since we saw BTC struggling at this level for 3 weeks.

4. We may see strong resistance at 2350 - 2500

On fundamental side,

There is growing support for segwit2x from miners but until its activated nothing is resolved.

My previous post - https://steemit.com/cryptocurrency/@sniperz/can-we-see-btc-at-usd1200-techincal-analysis-says-so

If you like my analysis and want more then upvote and comment. Thanks

#bitcoin #technical #analysis
7 years ago in #cryptocurrency by
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