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BTC crossed into the Horizontal Resistance zone on Daily. In case we have a confirmed breakout of the higher boundary of the zone we can initiate a long position.
We might also have a correction to the support trendline, in this case we should wait for the confirmed retracement and then initiate a long position.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
BTC crossed into the Horizontal Resistance zone on Daily. In case we have a confirmed breakout of the higher boundary of the zone we can initiate a long position.
We might also have a correction to the support trendline, in this case we should wait for the confirmed retracement and then initiate a long position.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.