BTC is on weak support at $9,225, currently forming a hammer candlestick. However, for the BTC to go higher, the $9350-9400 zone must be crossed.
So there is 3 possibilities :
1) BTC bounce on $9,225 and break the $9,400 ==> target the $9,800-10,000
2) Breakout of $9,225 then bounce on oblique support ==> Target $9,400 then $9,800-10,000 if the resistance breaks
3) Breakout of the oblique support ==> Restest of $9,000 most likely, corresponding to 23.6% Fib retracement
Now your know the plan, stay alert and be ready to pull the trigger ! We'll of course keep you updated as the situation evolve !
If you like the idea, don't hesitate to follow
So there is 3 possibilities :
1) BTC bounce on $9,225 and break the $9,400 ==> target the $9,800-10,000
2) Breakout of $9,225 then bounce on oblique support ==> Target $9,400 then $9,800-10,000 if the resistance breaks
3) Breakout of the oblique support ==> Restest of $9,000 most likely, corresponding to 23.6% Fib retracement
Now your know the plan, stay alert and be ready to pull the trigger ! We'll of course keep you updated as the situation evolve !
If you like the idea, don't hesitate to follow
Trade closed manually:
The scenario 2 finally occurs, hope you took some profit guys !
