It is time to continue higher for BTC. Our next resistance will be just below All Time High, where we will have to work through a few times before clearing. If you want to see deep analysis as to why this is my way of thinking, here is my previous post:
I am going to keep this post short, because there really isn't much to explain. Review the above analysis to get a clear understanding of what is going on.
If BTC breaks below $10,600, I consider this invalidated.
I am going to keep this post short, because there really isn't much to explain. Review the above analysis to get a clear understanding of what is going on.
If BTC breaks below $10,600, I consider this invalidated.
Comment:
There were a lot of dummies using 25, 50 and 100x long leverage in this “pennant”. They have now all been liquidated. While we are above $11,100, it is of no concern.
Comment:
On high alert, I was not expecting this level to break. If it does, it potentially is not following my scenario.
Comment:
There are problems with what is going on with Bitcoin.
I do not have a clear read on exactly where we are going. And the rules I follow have been broken. The setup I had is no longer valid.
We should not have crossed below $11,100. I do not have a strong read on where we are going from here.
I do not have a clear read on exactly where we are going. And the rules I follow have been broken. The setup I had is no longer valid.
We should not have crossed below $11,100. I do not have a strong read on where we are going from here.
Comment:
This could be the signal alt-coins need to know Bitcoin is not going to continue parabolic growing right now. We may see a boost in the alt/btc market.