Bitcoinik

Bitcoin Waiting For Breakout

Long
Bitcoinik Updated   
COINBASE:BTCUSD   Bitcoin
Bitcoin is going on with healthy correction. The major support zone now is $10500-$10800, we may see a quick spike to these levels, buyback at these levels with 30% percent of funds. RSI is good for another up move on the daily chart.

Resistance zone to keep an eye is $11900-$12200 if Bitcoin breaks these levels we may going toward $14,000. If the breakout is in downward direction $9800-$10,000 works as good support and then $9200.

I am bullish on Bitcoin and the next parabolic move will push the price to $18,000 range. Keep out of alts, Bitcoin dominance will increase with price and alts will dump more.

Happy Trading
Comment:
Bitcoin breaks the triangle upward and now looking to test the resistance of $12000-$12300.

FIngers Crosssed!

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