Whats up!
Thanks everyone for following my charts, i am getting really positive feedback which is great and i will continue to keep producing these charts.
BTC/USD - As we can see we held really nicely on the support level just below the bear flag, we saw candles with long bottomed out wicks which shows huge buyer support to keep pushing the candle up. This essentially gave us the bottom to ground and boost up with high volume back through the resistance of the previous support on the Bear Flag.
We have now tested a key level which is a must break through before we can sit in a bullish stance. For now I am Neutral and currently still holding VeChain, EOS & TRX.
A key level to break will be $8,800 and finding support on that level will be key for a potential move toward the 10k mark for a retest of highs.
If we get rejected from $8,800 and seller volume comes through I can see us re-testing the lows of $8,300 and potentially a break below a key support level which would take us back to the original target of $7,800.
Remember guys TA is about reading the play in front of you and less about predicting future moves. I am just plotting what I am seeing and my thoughts on the situation.
VIP signals group for Alts available via Telegram - @Alpo_
Thanks everyone for following my charts, i am getting really positive feedback which is great and i will continue to keep producing these charts.
BTC/USD - As we can see we held really nicely on the support level just below the bear flag, we saw candles with long bottomed out wicks which shows huge buyer support to keep pushing the candle up. This essentially gave us the bottom to ground and boost up with high volume back through the resistance of the previous support on the Bear Flag.
We have now tested a key level which is a must break through before we can sit in a bullish stance. For now I am Neutral and currently still holding VeChain, EOS & TRX.
A key level to break will be $8,800 and finding support on that level will be key for a potential move toward the 10k mark for a retest of highs.
If we get rejected from $8,800 and seller volume comes through I can see us re-testing the lows of $8,300 and potentially a break below a key support level which would take us back to the original target of $7,800.
Remember guys TA is about reading the play in front of you and less about predicting future moves. I am just plotting what I am seeing and my thoughts on the situation.
VIP signals group for Alts available via Telegram - @Alpo_
