Bitcoin has been respecting these horizontal support and resistance levels.
A couple of things to note.
1. The horizontal levels are equidistant...meaning the percentage distance between each level is the same.
2. At $30k, this is a strong level that goes back to 2021 when crypto first started to collapse. This would be an important level to take and hold. $36,500 would be the next level of resistance.
A couple of things to note.
1. The horizontal levels are equidistant...meaning the percentage distance between each level is the same.
2. At $30k, this is a strong level that goes back to 2021 when crypto first started to collapse. This would be an important level to take and hold. $36,500 would be the next level of resistance.
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www.seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
EW Express - bit.ly/elliottwaveexpress