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kyer
Aug 3, 2020 3:33 PM

$BTC 12000 is the Next Resistance Long

Bitcoin / U.S. dollarBitstamp

Description

  • MACD was overbought going into the 11967 (12000) resistance over the weekend, however Bitcoin did look like it was going to hit 12700 off of those candles

  • The scam wick down I think was the result of people overlonging their longs and forgetting that the market can also go down.

  • 1st easy loot TP 11479, if it closes above that level with some momentum it's going to hit $12000 and possibly beyond to $12700. It would also carry the rest of the cryptos with it.

  • If the price touches 11479 and can't close above it then it's going to pullback a bit and you can start to find entry points around the 10879 level
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