acesquid

So how do you do your BTCUSD analysis?

Long
COINBASE:BTCUSD   Bitcoin
Well, I just explain to them, I look for massive inverse phallic symbols. Massive on the 4hr/daily chart. I see good things for BTC in the immediate future but the looming threat is the 13500 resistance line that we retraced from. Will BTCUSD have the strength to push through the 13.5K resistance this time or will we be seeing another massive retrace from a potential double top scenario? Approach with caution and expect a fast uptrend with a fast retrace that may come at any time. The RSI and MACD for the 4 hr and daily time frame look like BTCUSD has more room to run. If we break 13.5K there's not much resistance past that.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.