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Rhaonnor

Bitcoin trendlines and support break down

Bitcoin (COINBASE:BTCUSD)  
Rhaonnor Updated   
COINBASE:BTCUSD   Bitcoin
Support and Resistance Trend Lines
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supportandresistance trendline
BTCUSD break two trendlines and support at $37.3K on 4H MTF.
If the break below the support is valid we will see $33K levels soon.
If that's a fakeout and Bitcoin break above $38.5K, is likely to see a violation of the $40K resistance.
Comment:
Fakeout confirmed. Break out above $37.3K occurred in relatively high volume.
Maybe a local consolidation (1H LTF) between $37.3 and 38.5K before $40K crucial resistance.
If you're looking for shorts wait for the price to hit $40 - 42K.
Trade closed: target reached:
Bitcoin is finally break out $40K crucial resistance in high volume.
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