BTC price has broken through primary resistance with ok volume and by a good margin. How BTC holds price at 10,400 level will determine next buy levels. I've marked two cases and possible buy zones.
I expect some retrace, but possibly that it will not be a lot. Based on regular patters and .5 fib retrace puts possible buy back zone between 10k and 10,050.
This is possible but I believe a more likely scenario is pull back to around 10,280/10,200. I say this because expectations for BTC are very high and price is currently very low relative to recent price at 13k. So people are buying more hastily it seems.
Trade safe,
PS: WAIT, I have reviewed my previous chart BTC 9200/11200 and I realized we are still under primary resistance level and moving in big triangle. There is still room for upside but be aware there is a larger resistance above us around the 11,200 level. See attached review, "BTC 9200/11200 for details.
I expect some retrace, but possibly that it will not be a lot. Based on regular patters and .5 fib retrace puts possible buy back zone between 10k and 10,050.
This is possible but I believe a more likely scenario is pull back to around 10,280/10,200. I say this because expectations for BTC are very high and price is currently very low relative to recent price at 13k. So people are buying more hastily it seems.
Trade safe,
PS: WAIT, I have reviewed my previous chart BTC 9200/11200 and I realized we are still under primary resistance level and moving in big triangle. There is still room for upside but be aware there is a larger resistance above us around the 11,200 level. See attached review, "BTC 9200/11200 for details.
