Resistance turned support?

in #bitcoin4 years ago

Bitcoin is likely a buy very soon

Buying breakouts can be very lucrative, though if you are like me you don't like buying the breakout itself.

You like buying the throwback to the breakout point.

Which is more or less appears to be setting up right now on bitcoin:

image.png

(Source: https://twitter.com/TheCryptoLark/status/1491139408870793218/photo/1)

We broke the 50 MA to the upside, now pulling back towards it.

I was hoping to buy around $42k, but this chart indicates it may not get all the way there.

My guess is that tomorrow or the next day will be the buy day before the next leg higher.

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