Looks promising but we would need a stronger volume on this breakout. If the volume follows breakout then we could see potential rise to 14-15k. Volume is the key!!! Very strong sell side @ 11200.
Next major resistance is at 11800. And then after that moon:))))
On the support side i would look for a 10800, 10200, 9800, 9200 levels as a strong support. Remember that we only here trade breakouts followed by a volume spike. Without a volume we dont do anything (except maybe looking for a short ;)
Next major resistance is at 11800. And then after that moon:))))
On the support side i would look for a 10800, 10200, 9800, 9200 levels as a strong support. Remember that we only here trade breakouts followed by a volume spike. Without a volume we dont do anything (except maybe looking for a short ;)
Comment:
On the other side retail investors are mostly buying in last few days. If it starts to go down maybe we will see some stronger panic selling. My view is a little on the short side but still not taking any positions
Trade active:
SELLING IT. SHORT TERM target 10500
Trade active:
Buy side is very strong on this one. It is hardly possible to see a pullback to 9300 levels.
On the fundamental side we see some positive news with US ETF getting possible OK to start buying BTC.
Key level to watch on the support side is 10500 and then 10300.
On the upside if we have a penetration of 11k again we could see a test of 12k very soon.
Look closely to the volume. If we stay above 10500 today i will be a buyer of BTC.
If we close under 10500 will look to short it.
On the fundamental side we see some positive news with US ETF getting possible OK to start buying BTC.
Key level to watch on the support side is 10500 and then 10300.
On the upside if we have a penetration of 11k again we could see a test of 12k very soon.
Look closely to the volume. If we stay above 10500 today i will be a buyer of BTC.
If we close under 10500 will look to short it.