UnknownUnicorn6653705
Long

Bitcoin is bullish again!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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In last updates of previous idea I mentioned that a break of 9700 can make Bitcoin bullish again. Now we have this break of 9700 and soon going to have confirmations like 1h/4h close above this level. Price has also broke a bull flag .

Think now Bitcoin is going to test upper side of this range again - 10k zone. My long is already in profit, going to see price reaction of 9900-10k levels to decide if its worth to keep holding or not. Why? Because to be really bullish Bitcoin still needs to pass critical level of 10060 that I mentioned in previous idea as well! Its still good to buy/long with targets above 9900 but if price fails to pass 10060 there can be a big dangerous head & shoulders on chart.
Also there is a big gap on CME which is probably makes it easier for bulls to break 10k.

I will post new updates of this idea.
Comment: New analysis:

Comments

It is indeed, similar view with a different angle here:
+1 Reply
@roosgar, good idea
Reply
nice here my new outlook
+1 Reply
UnknownUnicorn6653705 Leonchess-Stackzz
@Leonchess-Stackzz, nice idea
Reply
UnknownUnicorn6653705 Leonchess-Stackzz
@Leonchess-Stackzz, i like it
Reply
UnknownUnicorn6653705 Leonchess-Stackzz
Reply
That pull back your forecasting at $10,000 is extremely unlikely based on my formula.



And if u look at my previous idea from last night you will see i forecasted that line at the beginning of the uptrend
+1 Reply
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