Were there to be a serious move up, here are 3 potential areas of resistance (CBP, daily candles, log):
1) 200D SMA (curving red line). Currently around $6.6K and headed lower.
2) Old Meme Triangle hypotenuse (yellow, which I start at 20 Jan 2018). Currently around $6340, it will be $5.9K at EOY.
3) Third ray from ATH to local high on 25 Jul at $8488 (top light blue line). BTC gave it two good shots, then finally wandered sideways across it around 1 Oct. It sort of acted as support when we broke through $6K. It is currently at $5.2K, and will be around $4.8K at EOY.
I will be looking to see how the price reacts if it gets close to the 3rd ray.
1) 200D SMA (curving red line). Currently around $6.6K and headed lower.
2) Old Meme Triangle hypotenuse (yellow, which I start at 20 Jan 2018). Currently around $6340, it will be $5.9K at EOY.
3) Third ray from ATH to local high on 25 Jul at $8488 (top light blue line). BTC gave it two good shots, then finally wandered sideways across it around 1 Oct. It sort of acted as support when we broke through $6K. It is currently at $5.2K, and will be around $4.8K at EOY.
I will be looking to see how the price reacts if it gets close to the 3rd ray.