BTCUSD BITCOIN STRONG TRIPLE RESISTANCE AT 38830 - 39100

2 בפבר׳ 2022

In the last few days BTCUSD has found strong resistance in the 38800´hundreds.....it seems to be gathering volume in that area....its positive looks could be deceiving.....several times it hit 38700s.
With the amount of volume gathered if it should break out it will be with force.
This chart complement the one published with target of 35500.
Should it go down I expect it to reach 29000.

2 בפבר׳ 2022

הערה

You can see the discrepancy setting the OBV at 4 hours.

2 בפבר׳ 2022

עסקה פעילה

VERY IMPORTANT
WHERE THE ARROW IS POINTING TO STRONG RESISTANCE i WOULD LIKE TO EMPHASIZE THAT AT THAT POINT THE TOTAL VOLUME HAS BEEN REDUCED TO THE SAME AMOUNT OF VOLUME FROM AROUND OCTOBER 2018 WHEN IT WAS ABOUT 7000.
IT IS FACING RESISTANCES COMING FROM DIFFERENT DIRECTIONS: VERY LONG TERM, LONG TERM, SHORT TERM ETC. SO THE WAY BACK UP MAY BE SLOW, PERHAPS.
CHECK TOTAL VOLUME ON A QUARTERLY OR MONTHLY CHART.

24 בפבר׳ 2022

עסקה פעילה

so far it has found support at 34000, right on the line and corrected back
but the volume points to a lower between 29000 and 30701
I see no sign of an exhaustion volume yet.
have fun

24 בפבר׳ 2022

הערה

also, continue to be aware that there is a head and shoulders very negative formation that can take it down to primitive times of 12000, just be on the look out for exhaustion volume, I mean massive selling.

24 בפבר׳ 2022

עסקה פעילה

Please complete the to see where it is heading (around 29000)
There is a faint black dotted line starting on 21 Sep 2021 to 24 Jan 2024, finish drawing it until it touched the BLUE horizontal line at 28959, this is where it is heading. Watch the day where these two lines cross....it should land there and reverse course from there; but bear in mind that everything that was a broken support has now become a resistance.

24 בפבר׳ 2022

עסקה פעילה

Also if you extend the top dotted red line it will cross the intersection of the black dotted with the BLUE horizontal line described above. At that point you should see heavy volume coming in, of course watch to see if it is green or red volume; because don{t forget there is, what seems to be a HEAD AND SHOULDERS FORMATION.....very negative but you should have plenty of time to make a buck and get out....WARNED WAR, DON{T KILL SOLDIERS, as goes the saying in my other mother tongue....