Jocoin

10600 close area respected 4 times. The next 1,4 hr close above

Long
Jocoin Updated   
BITSTAMP:BTCUSD   Bitcoin
10600 close area respected 4 times. The next 1,4 hr close above 10900 is very important targeting 12/12500 area
There is also hidden bullish divergence on 1 hr chart with rsi and macd

Original chart:
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11380 hit and steady climbing
Perfect
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Another accurate call! Whats next?

After 10600 area served as a very strong support combined with 1hr,4hr breakout and hidden bullish divergence , I expect this area to be serve again as support after the current wave take a break for about 10-14 days around 12/12500 area and this very important for one reason which is to continue climbing targeting previous ATH
Comment:
After 7800 bullish hidden div spotted perfectly on 1,2d chart 2 weeks ago now its time for classic bearish div on daily confirming rally pause at 12/12500 area in a matter of few days
but at same time this is going to be a healthy correction not a crash like everyone calling and the bullish trend will resume in only one condition which is not breaking 10600/11000 area must stand for reversal by all means. I hope this helps.

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Trade active:
10800 reached and we got higher low, as we expected, btc gathering strength the next days. we got 1 hr hidden bull div supporting it see below
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4HR hidden bull DIV completed! Bear Trap triggered below 10k

We got daily close 10750 then 2d close 10500 showing btc strong above 10k level but after btc went below 10k level again we should wait for the next daily candle close but we are still bullish because indicators now went very low and gave chance to form 4hr hidden bull div we were waiting for the last couple of days which is now very clear on rsi and macd
Comment:
What a bear trap!! We did call for it guys, Btc reach 9600 area but daily candle close is above 10800 again!
Since we hit 13900 in Jun 26 we expected to consolidate for about a week between 10500 and 11500 level with daily close above 10k level and we got that, during this week the lowest daily close was 10600.

And we said many times 10k level should not be broken with daily close and so far this stand strong beside 4HR hidden bull div completed we can officially say now consolidation has ended and BTC is ready to resume uptrend.
Trade active:
This was a perfect matching for 2d close 10500 forming wave 2 in general wave 3 according to my waves in this post, now expect btc to take down the 2nd BLUE resistance line in next days and once it close 2d candle above 12k area, I am telling you guys BTC WILL FLY
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