$BTC Cross and zero in trading
Point and figure charts are a powerful tool for analyzing price movements. Each "move" on the chart is represented by either a cross (X), indicating an increase in price, or a zero (O), indicating a decrease in price. Traders use this type of chart to identify patterns and trends, making informed trading decisions. It is important to remember that analyzing point and figure charts requires knowledge and experience, but when used correctly they can improve a trader's skills and make his trading more successful.
Analysis of #BTC charts shows that a cross indicating a growing trend appeared on January 16, 2023 and continues to appear.
The point on the resistance line is located at 57000, where a reversal or breakthrough is possible. If the price breaks through the resistance line, the price will reach 73605.
