BillCharison

$BITCOIN - What To Do After Pump?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The price bounced from the $7935 support level and broke through all resistance levels of the core, all except one. $BTC stopped below the $8255 and did a fake breakout right up to the accumulation of Fibonacci levels in zone $8318 (50.0% and 38.2%). Such a setup needs a correction.

No doubt, the price has a very strong trend, the impulse was strong, but I can't say that it had great volumes. The price was moving with little support from traders, mainly liquidating SHORT positions.

The price has only one chance to get out of the bearish quarter - break the resistance $8255, since above one there is a zone of weak resistances and strong supports. Moreover, the zone above $8255 is the upper half of the channel, which corresponds to all the words I told before.

From this point, the priority is Correctional - Downward. The upward priority will be after fixing above the $8255 level.
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after it pumps you need to jump on it
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Nice chart. Beyond $8350 on your VPVR seem to have less and less resistance. Looking forward to price going past it. Thanks for your work. Keep up the awesomeness!
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Interesting thoughts!
This is my recent thoughts about BTC. Where I am telling how candlesticks with the most buing/selling pressure form strong resistance and support levels
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BTC wants to take off, but on the inverted chart!
Your thoughts about this chart?
+2 Reply
You have some interesting comments. congratulation.
What is the opinion of the professors about the chart below?

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Nice chart , Great explanation :/
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Great analysis as always :)
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Thanks excelent
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