$BTC - Bitcoin May Have Found a 2 Year Resistance Level?

2019年5月30日

Looking from April of 2017, I took the low point and connected to angle to the July low point. This placed a direction that later showed reaction from Bitcoin in Sept/Oct 2018 creating a potential trend line that could impact future price levels. Those levels have come back into play here in May of this year.

Too early to confirm just yet; nevertheless, initial reaction did indeed treat it as a resistance level. Too trust this more though, I'd like to see the RSI break below trend as marked.

2019年5月30日

ノート

Zooming in on 6H Chart...

MACD & Stoch looking bearish, yet RSI still above trend. Price reaching lower support of wedge could also test RSI support.

2019年5月30日

ノート

Let's also include the Bitcoin Dominance Chart here. As things have been bearish, creating a greater likeliness of ALT Season.

2019年5月30日

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As I posted on Twitter... yes, it broken 9k yet don't react to price reaction. Wait for confirmation. I am not sold this will hold (just yet).

twitter.com/RetireByCryptos/status/1134130094513872896?s=20

2019年6月4日

ノート

All going to plan so far....