Hello there,
I wanted to provide some quick and simple Support / resistance analysis for those who re getting lost with all those updates on social medias.
The last 2-3 days were really good for BTC as we found enough strengh to crush two resistances (10.000$ and 10.400$). We flipped the 10.000$ one into a support and we re currently retesting the 10.400$ one. If it holds, and I think it will, we will be heading to 10.900$.
I will probably close my long positions once we will be at 10.900$ as we may need more strengh to go further.
I could add some indicators into this idea but I really want to keep it simple.
TO conclude, a word about ALTs. You shouldn't be into some ... BTC dominance is on fire and guess what ? It will go higher. I'm expecting 76-77% BTC dominance before some relief. A big alt season is building, but don't get fooled and be patient. Stay with the mothership. September will be huge and we should see 15k.
Take care, trade safe.
I wanted to provide some quick and simple Support / resistance analysis for those who re getting lost with all those updates on social medias.
The last 2-3 days were really good for BTC as we found enough strengh to crush two resistances (10.000$ and 10.400$). We flipped the 10.000$ one into a support and we re currently retesting the 10.400$ one. If it holds, and I think it will, we will be heading to 10.900$.
I will probably close my long positions once we will be at 10.900$ as we may need more strengh to go further.
I could add some indicators into this idea but I really want to keep it simple.
TO conclude, a word about ALTs. You shouldn't be into some ... BTC dominance is on fire and guess what ? It will go higher. I'm expecting 76-77% BTC dominance before some relief. A big alt season is building, but don't get fooled and be patient. Stay with the mothership. September will be huge and we should see 15k.
Take care, trade safe.
Comment:
1HR chart : 10.400$ tested as support, let's move on !
Comment:
Isn't it beautiful ? Clean, simple. No need for more TA. Target reached. Let's move on :)
Isn't it beautiful ? Clean, simple. No need for more TA. Target reached. Let's move on :)
Trade closed: target reached