Bitcoin Tec Analysis 20190927

Bitcoin 2019-09-27
While Bitcoin Managed to Close Below Daily MA200
We have another important Support getting tested rn, which is the Weekly MA100
As you can see on chart, bitcoin used to fully respect both WMA50 & WMA200, while this was not the case for WMA100 last two occasions

Bullish or Bearish?
I started leaning Bullish here with no bias, just technical factors says so
we are OBVIOUSLY in a "Plenty of Support" zone where we have
DMA200 ~8.3
WMA100 ~7.7
S/R H-Level ~7.43
Fib 61.8% ~7.25

So if you didn't Short the break of the Triangle, it's not the suitable place to short Bitcoin
The Reaction of these levels might be hard enough to liquidate both sides whom are shorting/Longing with high leverage

First Target of any bullish corrective move will be 8.7K Followed by 9.8K

if you are Willing invest, buy spots at mentioned zones all the
way down to MA50 (6.9)

if you are willing to open Swing Longs, Make sure you don't over-Leverage
also better to see Clear & Obvious Bullish Divergence (might be with three touches) on 4H TF

One more thing
I AM OK TO GO ALL IN AT W-MA50