Decodingthemarket

#BITCOIN Strong Resistance Levels BE AWARE!!

Long
INDEX:BTCUSD   Bitcoin
Something you should know before making a trade
If you followed my idea that I shared on December 15th congrats you are getting a better entry to go long,
or it may be to accumulate or if you are trading it should be profitable since then

Check the comments in my previous TA to confirm the results

Watch at the extended trend lines of the falling wedge of level # 3

Tells you a possible continuation of the downtrend that has strong resistance at the # 1 and # 2 green boxes

Price must manage to break above strong resistance #1
(Orange descending trend line) to continue the uptrend,

however, price will find another strong resistance level at the green box #1, and orange descending trend line
(Strong Resistance #2) and at the same time the 200MA Blue Line

See the NVT indicator to have a better idea where the price potentially could move

NFA
PLEASE, DYOR/MYOD!!

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