We are facing new resistance trend line(dotted skyblue line) and fighting to go through it after the first resistance trend line(dotted red line) was broken.
If we go through the dotted skyblue line firmly, we can expect the price of BTC will approach to next resistance level which is the combination of the white line and 0.5 retracement(13725, yellow box)
I think we should close long position at the yellow box because the minor downtrend channel is waiting for us.
Thanks for the post. I think if we pass blue line the next real resistance will be between 14-14.6K. Let's see if we see that high again.
HudaK
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@retiringsoon1, I can't agree with u more, but since i am a safe trader, 0.5 retracement level is more attractive. Let's see what will happen.
Thanks for your attention.
CyberExploit
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@HudaK, I like you attitude bro.
Thank you for your analysis, very much apreciated!