Hello everyone watching my charts.
Today we have an interesting situation in BTCUSD
a classic long breakout.
In the last post I pointed out the resistance at 3980, the
The market has now taken the race and made a classic break.
This shows once again that trendlines are more important than resistance or support zones.
Zones are just one possible twist or support, the trend line is what the market really does.
As you can see, all of my lines are colored in blue, I do not see current resistance levels.
BTCUSD should continue to go up.
However, 4000 can become a psycholigic resistance zone, we have to observe.
The 4000 mark has already been cracked, currently we have a relapse underneath.
We now have 3 Long Trendlienen as
Support where the bottom one I marked for better knowledge Purple is the most important of them.
Only one case below would be bad for long positions
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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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