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workin2005
Feb 3, 2018 3:14 PM

Are we entering a Bull market? 

Bitcoin / United States DollarCoinbase

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Here is my count for Bitcoin this morning. We MAY be entering a bull market. I emphasize the word MAY. If the critical resistance is broken at $10,100, a bull market will be confirmed. I won't consider the $10,100 resistance line broken unless the candle ( at least the 30 min) closes above that level. Wicks don't count and may be seen as a bull trap.
If the resistance is not broken, we may see a re-test of 9K. If that's broken, we might see it go back down below 8K for a short period of time. If that happens, I would expect a sharp rise very quickly up to the 10K level for a retest. I welcome your comments, thoughts and criticisms.
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