EUR/USD 1.15954
-0.135%
Gold 4348.43
0.740%
Oil 97.119
-3.390%
USD/JPY 153.683
-0.474%
GBP/USD 1.35260
0.113%
GBP/JPY 207.876
-0.364%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 12, the Quds Force of Irans Islamic Revolutionary Guard Corps issued a statement saying that it had killed four terrorists attempting an assassination in the Saravan district of Sistan-Baluchistan province in southeastern Iran. The statement said the Revolutionary Guard, in conjunction with intelligence and law enforcement forces, launched an operation against the terrorist group early that morning, killing four terrorists on the spot and seizing a cache of weapons, ammunition, and explosives at their hideout. Three Revolutionary Guard members were killed in the operation.On September 12, US President Trump expressed optimism about resolving the trade war with Canada, saying an agreement could be reached "soon," but did not disclose whether formal negotiations between the two countries had resumed. When asked by the Irish Prime Minister in Dublin on Saturday whether he intended to withdraw the US from the USMCA trade agreement, Trump dodged the question, saying Canada wanted a deal with Washington and that he was advocating for better terms for American farmers. "Canada has to treat our farmers better. They cant put tariffs on our farmers. They put 400% tariffs on our farmers, and a lot of other things, so when those things are removed, theyre willing to remove all of them," Trump said, adding, "Youll likely see a deal with Canada very soon."Ukrainian President Zelensky: On Saturday, Russian attacks on 10 regions of Ukraine killed three people and injured dozens.Iranian Embassy in India: Iranian President meets with Abu Dhabi Crown Prince in New Delhi, India.US President Trump: (Regarding trade with Ireland) We need to bring back a few healthcare companies.

Bitcoin Break Out or Break Down?

Skylar Shaw

Oct 08, 2022 14:12

微信截图_20221008093450.png

Technical Analysis of Bitcoin

The flat bottom falling top in BTC, which has been as resistance since the beginning of June, was covered in our most recent article. This upper resistance line was tested five times, which tells us that it has followed the highs during the previous five months. As we inch closer to the ever-narrowing apex, BTC has yet to break out of its wedge shape.


Today, we'll take a closer look at a resistance trendline that stretches all the way back to the all-time high on November 21, 2021. The fact that this trendline starts at our all-time high and remained almost unbroken for such a long period offers us a signal that this may be an even more significant resistance line, even if it was only  challenged twice over its 11-month run.


It's interesting to note that on October 4, this upper trendline was broken above, creating a support zone for today's trade. Despite the fact that there may be support there right now, the falling trendline is still oriented downward and is positioned to reach support around about $18,500.

Suggestion