BTCUSD broke 9K just now

in #bitcoin • 6 years ago (edited)

BTC USD has tested just now(hourly candle) 9K level. What we see on daily chart? We have a few static resistances here in range between 9k-9450$ that worked fine a year ago, and have not allowed the price to growth. In May'18 we see an attempt to break but I guess it was just a fake break, nothing serious. Also if we connect the last two waves we could see a dynamic resistance which will be crossed on 9200 today (if it will). Dynamic and static resistances could form a powerful barrier which should be broken to continue the growth, but it wont be easy I guess. I see a possible bounce an a further retracement from the current price, that's why the short looks more suitable.



While I was writing the post I earned already 380 points from 9k to 8620(price bounced immediately). Let's see if the hourly candle will close in red.

#btcusd #blockchain #cryptocurrency
6 years ago in #bitcoin by
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