2019 - Major resistance and support lines - the key area's

Looks crowded but it's as condensed as possible.

The coloured lines are the resistance and support of major trends.
The blue dotted lines are previous important highs and lows.

Pretext:
if we manage to get up to ~5500$ and stay up early February that would be best (as in most resistance broken at once) "the pink bubble" - VERY CROWDED AND INTERESTING AREA - most lines converge here

close-up:

Breaking resistance and finding support in chronological order.

First to take out is the orange (falling) resistance (1 - res.) we are retesting this resistance at

the moment!
Find support at orange line
and/or ~4400$ high/low


-- if that fails, going down 3200 - 3000 - previous ATH or worse. (thin cyan line)


Second to take out/find support, thin yellow line ("bad stuff 1")
and/or ~4400$ high/low (which ever we encounter first)

Third the green ("bad stuff 2")
and/or ~4400$ high/low (which ever we encounter first)

Fourth major resistance from most of 2018, the yellow "2 - res."
and/or ~4900$ high/low

Fifth that whole ~5700 - 6000$ 2018 support is now resistance

Sixth and last: the red "major multiyear support" if we successfully get above that again ...

Chart will be updated for the whole of 2019 (maybe beyond?) on those major support/resistance lines only

코멘트:

The idea above of course is on the premise that BTC is "bullish" long-term (as in: will not go to zero).
If BTC, now or later, finds lower support, i will update accordingly.

코멘트:

First resistance met "cyan Don't want to know" / "orange 1 -res"
let's see if it at least can hold support at current pricelevel "high low 36** "

코멘트:

Hit it's head again on the same line "cyan Don't want to know"
if it can hold the price it has about 6 day's - then decide, break the line or drop the price

코멘트:

Already noticed it quietly slithering through "Cyan Don't want to know"
but made up it's mind with conviction now

now on to the heavy "orange (falling) resistance (1 - res.)"

코멘트:

oh forgot ..
nicely sitting again at the 36**$ mark - see jan.10 comment

코멘트:

4 hour candles closed above "orange 1 -res" - that's good but i want to see a daily candle (just because)

코멘트:

another hurdle taken
Daily candle broke resistance and found support at "orange 1 -res"

코멘트:

and a while after that it plummeted down, again resistance
and now it's just hugging it?!
i want to see a nice push back up to at least 4200, taking out the yellow ("bad stuff 1")
see also

코멘트:

we are nearing
thin yellow line ("bad stuff 1")

코멘트:

and of course it drops at first contact
waiting for retry

코멘트:

that's one way to get there ..

only yellow "2-res." needs to be broken now
hope it finds support at green "bad stuff 2"

the chart was for log-scale
as some traders use normal scale even on larger scale, you would/should use 2 charts with 2 separate set's of resistance and support lines ...
maybe next time i'll do that for educational purposes ..

코멘트:

I am out of lines :)
except for the "multiyear support" everything has been broken