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BTCUSD Technical Analysis BTCUSD Bullish Force Target 9000/9500

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
As expected, Bitcoin is very strong and came into 9000 and 9500 area very quickly. btcusd stable 8390 level then next target 9000 Area. Other side of btcusd need some correction, correction area 7400 level this level is good for buy position. because BTCUSD move long time buy across 10k mark.
BTC/USD has barely changed on a day-on-day basis and lost 1% since the beginning of Wednesday. Bitcoin lags behind Ethereum and Ripple - both altcoins have gained 10% in recent 24 hours.
1. An important support is created by $7,600 handle.
2. The Elliot wave oscillator shows 14 consecutive bullish sessions.
3. The 4-hour BTC/USD market has had a bullish outbreak from the triangle formation.

Resistance levels:
===============
$8,000 - SMA5 and SMA10 4-hour, the lower boundary of 15-min Bollinger Band ;
$8,350 - previous day high, Pivot Point 1-day Resistance 1
$8,700 - Pivot Point 1-day Resistance 2.
Daily Pivot Point R1 8344.13
Daily Pivot Point R2 8697.56
Daily Pivot Point R3 9057.85

Support levels:
=============
$7,600 - previous day low, Pivot Point 1-day Support 1.
$7,550 - Pivot Point 1-month Resistance 3, Pivot Point 1-week Resistance 3
$7.300-$7,250 - DMA5, Pivot Point 1-day Support 2
Daily Pivot Point S1 7630.4
Daily Pivot Point S2 7270.11
Daily Pivot Point S3 6916.68

Daily Fibonacci 38.2% 8064.62
Daily Fibonacci 61.8% 7896.19


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