Pantok

XBTUSD Play between old S/R lines to built momentum for 200 WMA

BITMEX:XBT   Bitcoin
Right now we see lots of ranging plays going up and down testing the support line around 3555 several times. Since bullish attempts to crack the upper resistance lines have failed, the lower support must break to build momentum for an attempt to 3830+ region. As targets i guess the older support and resistance lines used back in december and january will still be in game. After a short dip down to 3445-3485 region we will most likely see the resistance lines as high as 3820,3830,3845,3910 and probably 3975 being tested, before a retest of the lows around 3120.

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.