BTC/USD (New Swing Top)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
💎Technical Analysis Summary💎


-Finally, BTC broke above the previous swing top at 53k dollars
-Most short players got their stop loss hit after hitting as high as 56k dollars
-The Bulls are back in momentum but we will have a much better view once the weekly candle is closed
-For now, our immediate support is the Fib 0.236-0.382 region with the confluence of previous resistance
-As long as the Buyers can hold above this area, the point of view is still going up
-I can see strong coins showing a potential continuation pattern for new highs
-I'm currently into swing trades right now and it is on profits too after a big win recently
-My small losses are now covered so I will keep these winning trades ride the trend
-Happy trading everyone and always plan your next trade

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