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February 02, 2018, 08:48:25 AM |
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I am looking at tradingview graphs of BTC and deciding resistance levels. As TA is both an attempt to stay objective, only looking at the graphs, TA is still a bit subjective in the way a person draw his lines. I'll give my take on BTC TA, and if anybody's graphs tells the same or different, please just give it a shot in this thread.
From what I see, the current price is ≈8450, which means we just broke a resistance at 8500 from end November. If we are seeing further drops from here and the price does not rebounce from this level, we are to go back to mid-November to find a resistance at around 5400. Should this not hold, the next should be mid-September at ≈2900. Although, I do not see 2900 levels as an option right now.
As I said, this is just my view, if you have others, please share!
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