This Weekly Bearish Retest Should Be The Main Line On Your Chart

20 במרץ 2020

After the amazing 30% increase of BTC over the last 1.5 days it's time to zoom out and look at a possible area of reversal. When we go back to the weekly at the end of November '19 we can see a perfect correlation to the resistance found today at 6900. This bearish rejection can give more power to the bears, indicating a temporary reversal. Keep a very close look on this level for your technical analyses!

Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.

- Trading Guru

--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes

Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.

20 במרץ 2020

עסקה פעילה

So far the retest resulted in a heavy rejection. Looks like the price was not able to go above the weekly resistance level yet!