Confronting uncomfortable resistances

2021년 2월 20일

The price is being rejected again on the 4 hour 20 MA / 21 EMA and on the RSI 50. The blue horizontal channel is a weekly resistance which flipped to support and now is acting as resistance... again. We need to pierce through this if we want to dream with higher levels.

As expected BTC kicked this down pretty easily.

Few minutes to close this candle. Let's see how it goes.

This is a followup of this idea published a few days ago.

2021년 2월 20일

노트

Rejected

2021년 2월 24일

노트

What about now?

2021년 2월 24일

노트

Can it hold 4H 20MA/21EMA? RSI 50 not pierced yet, though.