13k Strong Resistance point for BTC, Short-term resistance?
So here is something odd and impressive I found when looking more in depth at the chart of XBTUSD. I applied the EW technique and saw the 5 wave pattern, each bounced off nicely from its fib ratios, but then I get a bit more curious when trying to look at the lenght of wave 5 and its price projection, so I decide to draw a price range for wave 1 and place it over wave 5. Suprisingly, I see that the price range fits one importance resistance which is 13k. This is a bit surprising and will we watching our for that value.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.