Nico.Muselle

BTCUSD higher timeframe resistance levels

Nico.Muselle Aktualisiert   
COINBASE:BTCUSD   Bitcoin
I just wanted to pinpoint the expected resistance levels that we'll probably encounter if BTC continues its uptrend.
These levels are defined by daily/weekly support and resistance levels and align quite closely with some fibonacci extension levels.

Is it possible to skip a level ? Sure .... Is it possible to go back down ? Of course it is ... it is a financial market.
So in short, this is not a prediction of where BTC will go, however, if it does, it shows you the levels where you can expect sellers to come in and try to push price down.

Kommentar:
Testing the 8.9k level again which has been strong support/resistance for over a week. Let's see if we can hold it. If we would break below, 8.4k is on the table.

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