Bitcoin is currently stuck in a tight price channel, red vertical(slant) line represent the resistance, while the green vertical(slant) line represents the support.
A possible breakout should see price go high up to $14,000 while a possible breakdown might see price go as low as $8,000, before any relief.
In crypto-trading bitcoin controls most of the other altcoins especially with correlation being at all time high, hence it dictates the direction which this coins will go.
A possible breakout should see price go high up to $14,000 while a possible breakdown might see price go as low as $8,000, before any relief.
In crypto-trading bitcoin controls most of the other altcoins especially with correlation being at all time high, hence it dictates the direction which this coins will go.
Comment:
we are gradually approaching our grand-take profit(14,000)..
currently, continuation pattern ranging around 11,300-11,400, i expect a move to 12k's before lil retracement. @finville, we are currently long in all our positions, with trailing sl.