Bitcoin: Trendline Resistance Update

in bitcoin •  7 years ago  (edited)

Bitcoin has still not surmounted the trendline made from its highs in December and January.

[Data used is from Bitstamp. Other exchanges might show the breakout to have happened.]

Be careful out there, traders!

Daily Chart

trendline.PNG

4-hour Chart

trendline2.PNG

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This post is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action.

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7 years ago by

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      ·  7 years ago 

    That's a major resistance, lets see if it can break.

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      ·  7 years ago 

    For sure. It will be huge if BTC can break through. It might take two tries, dips to be bought.

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