Looks like BTC is turning bullish...
(1) Fib : Price crossed above its lifetime 50% fib level of approx $ 10,000. It consolidated and showing signs of moving up.
(2) Sloping trend line from the peak : Price broke of the trend line, retraced and now again on way up, next target being 13,000. If it fails.... to cross 11,000 convincingly or goes down below 10,000 - there is strong case to take bearish position.
(3) Triangle : There is a triangle showing a consolidation zone of price action. Within the triangle price is taking support of the blue trend line discussed above.
As on now I have buy positions.
Looks like 10k - 13k will be new play zone for some time to come.
(1) Fib : Price crossed above its lifetime 50% fib level of approx $ 10,000. It consolidated and showing signs of moving up.
(2) Sloping trend line from the peak : Price broke of the trend line, retraced and now again on way up, next target being 13,000. If it fails.... to cross 11,000 convincingly or goes down below 10,000 - there is strong case to take bearish position.
(3) Triangle : There is a triangle showing a consolidation zone of price action. Within the triangle price is taking support of the blue trend line discussed above.
As on now I have buy positions.
Looks like 10k - 13k will be new play zone for some time to come.
Trade active:
Price broke the side of pink triangle, also did a retracement. Now further immediate price action decides future direction.