Bitcoin Ready for another move up?

2020년 10월 16일

Hi traders,

as we can see, Bitcoin has been trading sideways for almost a week now, with a few spikes up as an exception.
Each move above the resistance has been followed by a dump back into the zone, which tells me something is about to happen.

The resistance has been tested for quite a few times and, contrary to what many people still think, the more it gets tested, the weaker it gets.
So in my opinion it's safe to take a long position now, at least until we reach that resistance area again.
If we break it, the next area I'm watching is 11550.

• Don't use this as standalone strategy. Combine this with your favourite indicators to get confirmations.
  
• This is not financial advice, but meant for educational purposes.
  
• As always, Do Your Own Research!
  

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Happy trading :-)

2020년 10월 16일

노트

Let's not forget the 4H chart of course.