Bitcoin / TetherUSמעודכן In my previous monthly analysis i expected a resistance for BTC
Hi, as mentioned in subject bitcoin got resistance from the monthly trend line, there, i also expected a possibility of the consolidation , now biti opened below a monthly tl and above a weekly tl , i'll show it in the next few graphics , here btc has almost opened below the mid of weekly channel , so can't say a support , i will try to give the 12M, monthly and weekly levels in next few graphics,
well bitcoin also moving within the monthly inside bar range , so that range will certainly going to act as monthly resistance and support unless breached, in that case we can expect a movement equal to the half of the range minimum , if it would be a real breakout
now bitcoin is testing the high of a 3M inside bar level ,earlier it breached the 12M inside bar level in the month of Feb, but btc is still getting the resistance from 1/4 th of that level not even been able to reach the 1/2, till now, still 6 months left,BTC also completed the -ve MAs closeup in weekly tf,not a very strong closeup, so MAs are almost parallel now , let's wait for the split, a single day big candle could change that
well bitcoin also moving within the monthly inside bar range , so that range will certainly going to act as monthly resistance and support unless breached, in that case we can expect a movement equal to the half of the range minimum , if it would be a real breakout
now bitcoin is testing the high of a 3M inside bar level ,earlier it breached the 12M inside bar level in the month of Feb, but btc is still getting the resistance from 1/4 th of that level not even been able to reach the 1/2, till now, still 6 months left,BTC also completed the -ve MAs closeup in weekly tf,not a very strong closeup, so MAs are almost parallel now , let's wait for the split, a single day big candle could change that
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Hi, without your comments and support this idea will be dead with in few hours, if u find it relevant and interesting , pl. try to keep it liveהערה
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levels above the opening possibly acts as a resistance and below one as a support
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