azizelliott

$BTCUSD - Decisive resistance

BITSTAMP:BTCUSD   Bitcoin
Hi guys! πŸ‘‹πŸ»

πŸ”” There is a strong resistance being tested by Bitcoin right now.

πŸ”” BTC will most likely drop to $37350 if doesn't break above this resistance.

πŸ”” There are strong dynamic and static supports on $37350 which should support the next jump to $49900 to complete this parallel channel pattern, which hopefully won't turn out to be a flag pattern.

πŸ”” $48K would be the first major resistance, if closes above $42000

πŸ”” If Bitcoin closes below $37350 it might as well drop to the lows of 2021 at $30275

✊🏻 Good luck with your trades! ✊🏻
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πŸ€– I am one of the 11K TradingView users who trade on BingX - bingx.com/partner/Aziz
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