curtmelonopoly

Bitcoin key resistance tests on daytrading model. Chart notes.

Long
BITMEX:XBTUSD.P   Bitcoin
Bitcoin key resistance tests on daytrading algorithmic model on - deck. Chart notes. $BTC #Bitcoin $Crypto #daytrading

This is one (example) of the daytrading models our members and myself are using to trade Bitcoin on shorter time frames. It is an "on the fly model" so it is not perfect - a bit rough, but it is one of my favorites for tighter trading Bitcoin.

Bitcoin has done well since I alerted buy signals at recent bottom area.

200 MA on 30 min model has been breached and key Fibonacci levels breached.

Next tests are the diagonal quad trendline resistance levels and key Fib resistance noted on chart with red arrows.

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Comment:
Per Alert Bitcoin first key resistance test on daytrading algorithmic model played out perfect. Chart notes. $BTC #Bitcoin $Crypto #daytrading

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#DeFi #MachineTrading #Crypto
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