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fthree111
Oct 28, 2019 12:08 AM

BTC Fill 8.8K Gap Before Piercing Through Downwards Channel @10K 

Bitcoin / United States DollarCoinbase

Description

Amazing to see bitcoin go up 40%+ in less than 24 hours. With it not closing above 10K, it leave plenty of room under this newly found resistance. On a lower timeframe, we had a cup & handle that failed to break out.

What is needed is to stay above the 200 day MA long enough until the 15 & 50 day MAs are above it, which is fine.
I expect a possible cool off down to ~$8.8 range. Would love for us to go flat here and slowly drive through 10K and bounce off of that a few times.
Comments
YEHOK
One of the only logical technical analysis right now! I’ll be liking this idea as soon as my “like” meter cools down. Lol
YEHOK
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