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BTC/USD and ETH/USD Technical Analysis

From dailytraders.com

Bitcoin against the dollar on the H4 time frame. This is the best time frame, in my opinion, to analyze this pair. The upper horizontal blue line represents the previous day’s high. As you can see, the price has found resistance at this level almost five times in the last 10 days. Once the price breaks this level, we are likely to see a strong bullish trend. Always be cautious of fake breakouts! The lower horizontal red line represents the previous daily low. Today, the price is right on that level, making it relevant. In the same area, we have a very important support trend line. The previous daily high (horizontal ... (full story)

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  • Category: Technical Analysis