BTCUSD If it breaks out, it breaks out.
Bitcoin / BTCUSD is testing the Falling Resistance from its All Time High.
The historic cycles show that when this Resistance level breaks, it is never retested.
Symmetrically wise, as shown on the 1day RSI also, we are now on that prolonged Resistance test which will decide the trend. In 2016 it broke but in 2019 it failed but that Cycle started more aggressively.
Note also that this time Bitcoin is under the 1week MA100 as opposed to the other Cycles on that particular phase of the Cycle.
If it breaks, will it break for good?
Follow us, like the idea and leave a comment below!!
The historic cycles show that when this Resistance level breaks, it is never retested.
Symmetrically wise, as shown on the 1day RSI also, we are now on that prolonged Resistance test which will decide the trend. In 2016 it broke but in 2019 it failed but that Cycle started more aggressively.
Note also that this time Bitcoin is under the 1week MA100 as opposed to the other Cycles on that particular phase of the Cycle.
If it breaks, will it break for good?
Follow us, like the idea and leave a comment below!!
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