Hello to all who watch my charts.
The situation in BTCUSD today at 16:30 NYT.
We see you we are still in a long situation.
It has now formed a wider Long channel I have marked red.
Bitcoin BTCUSD moves in this channel upwards.
Currently the pair has arrived at a double resistance at about 4020.
Since BTCUSD but has so far cleared all other resistances out of the way, I currently expect here with further rising prices in this channel
BITCUSD could fall to 3860 right now without that would change the long situation
In the classical chart technique it would be better if BTCUSD did not reset so far, but with the current support of about 3960 it should stop in the reset.
In addition we have build here at the moment a stronger long support line
i have marked in purple.
If these line will hold we will see a quicker rise of the pair
but resistande of 4020 has to taken out here also.
On the downside you have to pay attention to these two levels
i showed you 3960 and 3860.
Otherwise continue long.
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--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
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