BTC is at confluence point of four resistances !
BTC is going to fight with 4 resistances simultaneously ! Is it able to win the battle? Lets follow.
As shown on the chart, resistances are :
1. Major down trend line
2. 100 days moving average
3. Minor static resistance
4. minor dynamic resistance
Order of numbers shows importance of resistances with 1 being the most and 4 the least.
Do you think BTC can break out all these resistances? We have to be open minded but I think it needs a very strong trigger (if it can find any) to be able to survive this battle.
Good luck everybody
As shown on the chart, resistances are :
1. Major down trend line
2. 100 days moving average
3. Minor static resistance
4. minor dynamic resistance
Order of numbers shows importance of resistances with 1 being the most and 4 the least.
Do you think BTC can break out all these resistances? We have to be open minded but I think it needs a very strong trigger (if it can find any) to be able to survive this battle.
Good luck everybody
Comment:
So far, BTC lost the battle.
