Bitcoin consolidation to continue
3 curve lines (cloned - orange dash) to identify support & resistance level,
provides an interesting LONG TERM view on BTC.
We see price action finally breaking out of the 3 curve lines (orange dash) zone for potential LONG TERM bullish position.
However, within the 3 curve lines (orange dash) zone, a 2 curve lines (again cloned - solid white) is formed.
We can identify this as SHORT TERM view.
The zone of the 2 white curve lines (upper & lower bands) can be identified as resistance & support.
Currently price action @ upper band, resistance level. Daily time frame indicators aslo @ O/B level.
Expecting minor price movement to downside, along with further price consolidation, til late March / early April before breakout to the upside.
Weekly time frame indicators @ O/S levels, showing strength to the upside.
provides an interesting LONG TERM view on BTC.
We see price action finally breaking out of the 3 curve lines (orange dash) zone for potential LONG TERM bullish position.
However, within the 3 curve lines (orange dash) zone, a 2 curve lines (again cloned - solid white) is formed.
We can identify this as SHORT TERM view.
The zone of the 2 white curve lines (upper & lower bands) can be identified as resistance & support.
Currently price action @ upper band, resistance level. Daily time frame indicators aslo @ O/B level.
Expecting minor price movement to downside, along with further price consolidation, til late March / early April before breakout to the upside.
Weekly time frame indicators @ O/S levels, showing strength to the upside.
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