This (Thick Red) line is one I'm not seeing in many charts and as we know the more times a resistance is tested the more valid it becomes
Many people are talking about the bullish momenum up to $10.5k or $12k but I think this line will offer some significant resistance at $9.3k
We have not crossed this line since mid Jan....
My outlook is still bearish short term but this could also be clouded by the overall trend and my search for a cheap buy
Happy Trading
Markets dont repeat but they often rhyme
Many people are talking about the bullish momenum up to $10.5k or $12k but I think this line will offer some significant resistance at $9.3k
We have not crossed this line since mid Jan....
My outlook is still bearish short term but this could also be clouded by the overall trend and my search for a cheap buy
Happy Trading
Markets dont repeat but they often rhyme