BillCharison

BITCOIN, Local - SHORT but Global - LONG!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Currently, $Bitcoin is in the aggressive upward phase. However, such aggressive upward movements have one peculiarity - after them we see the same aggressive correction. Well. There is a triple divergence on the RSI , moreover, the price has faced the resistance at the $9840 level and can't break it at the moment. So, below the current price level we have two important levels: $9750 and $9620.

  • $9750 - the level that will act only after it will be broken from top to the bottom. You can say that it is a support, but you won't be right. It is a trade level that will transform into support after it will be broken.
  • $9620 - support. To reach this level the price needs to break through the $9750 and take hold below one. Only after this, we will be able to reach this support.

In other words, at the moment Bitcoin needs an ABC correction down to the support. Local market priority is a SHORT, but Global priority is LONG up to $10000.
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very good as always
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alvarotrustbr cryptobits1
@cryptobits1, Hahahha
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