I was looking at various BTC charts against GBP, EUR, CNY, USD and money supply...
And I came to conclusion that the levels of support and resistance are much more respected on BTCUSD/GOLD and BTCUSD/M2 charts,
than on the actual BTCUSD and USDT charts...
S/R level at $20k it's much more clearer and respected, also the local high from 2019 at $14k,
and now at $57k the price is respecting the support while on the BTCUSD chart price has fallen below S/R level at $57k...
I am using the FTX exchange for trading,
If u want to join and trade Cryptocurrency, Stocks, Fiat and much more,
Feel free to use my refferal link and support me :)
ftx.com/
And I came to conclusion that the levels of support and resistance are much more respected on BTCUSD/GOLD and BTCUSD/M2 charts,
than on the actual BTCUSD and USDT charts...
S/R level at $20k it's much more clearer and respected, also the local high from 2019 at $14k,
and now at $57k the price is respecting the support while on the BTCUSD chart price has fallen below S/R level at $57k...
I am using the FTX exchange for trading,
If u want to join and trade Cryptocurrency, Stocks, Fiat and much more,
Feel free to use my refferal link and support me :)
ftx.com/