BillCharison
Long

BITCOIN, Broke the major resistance and going up

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We all know that $BTC has formed an up-trend. However, recently Bitcoin just broke through the major resistance ($8500), exactly from this resistance the market started dumping to $3000 in the 2018 year. This fact makes $BTC growing twice stronger.

The next closest resistance is located in the zone $9300 - $9400. Moreover, at the 1D chart, RSI has formed a divergence. By the way, Stoch . RSI just came out from the oversold zone, so RSI still has time to form a third top from the resistance (as mentioned on the chart), either it will be a simple double top which is divergence too. The closest support zone is located in the zone $8200 - $8500, there you can confidently open a LONG position.

In case 1-5-ABC pattern will work out, the price will form a H&S pattern that will $BTC dump lower to $6000 levels.

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Comment:
In order to trigger stop losses, close the gap and draw fake breakout, this movement is quite possible. This will be the fuel for the $10k ride.
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You levels are certainly possible if those lines don't hold.

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Are you brainless? Yelling 2 days ago we're going to zero.2 days later : To the moon!,99% of "wanabe traders" on TV started their "carreer" just in crypto = Means zero knowledge.
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I think we can expect a 30% drop if we don't break ~$9.000.

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High degree of uncertainty in the next Bitcoin movement:

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Hi guys, is this repainting indicator or not?
Thanks
for test: Please find "Morning Star Indicator" from Indicators & Strategies Icon

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Bitcoin Starts To Retrace... Short or Long Term Retrace?

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It is worthwhile to check the shape and inclination of the wave combs:
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