BTCUSD - waiting breakout confirmation or downtrend
Hello everyone,
sorry if I didn't update BTC chart sooner.
I was really sick.. (thx to my son!)
Kid's bring joy, love and... bacteria.
ACTUAL MARKET STAGE
After BTCUSD price closed at 6740 (october 15), it failed to break the resistance 6760.
Today, again, the price failed to break the same resistance 6760.
RESISTANCE 6760 is the first step for breakout.
So we are waiting for next price movement.
Usually, after 2 failed attempted, the price must find support before trying back.
We will see.
BULLISH CONDITION
1. RESISTANCE 6760:
if 1D cancle closed above
1rst breakout signal
2. RESISTANCE 6900:
1D candle closed above
breakout confirmation
uptrend continuation
BEARISH CONDITION
3. SUPPORT 6585:
1D candle closed below
downtrend expected
Hello everyone,
sorry if I didn't update BTC chart sooner.
I was really sick.. (thx to my son!)
Kid's bring joy, love and... bacteria.
ACTUAL MARKET STAGE
After BTCUSD price closed at 6740 (october 15), it failed to break the resistance 6760.
Today, again, the price failed to break the same resistance 6760.
RESISTANCE 6760 is the first step for breakout.
So we are waiting for next price movement.
Usually, after 2 failed attempted, the price must find support before trying back.
We will see.
BULLISH CONDITION
1. RESISTANCE 6760:
if 1D cancle closed above
1rst breakout signal
2. RESISTANCE 6900:
1D candle closed above
breakout confirmation
uptrend continuation
BEARISH CONDITION
3. SUPPORT 6585:
1D candle closed below
downtrend expected