TradingView
birds23
May 17, 2018 3:15 PM

7.9k or 7.2k for a bounce Long

Bitcoin / TetherUSBinance

Description

Impatience may drive us to bounce back from 7.9k
and go through the so-very-much-awaited 10k with
small resistance(kissing 9.7k again) before lifting to
11.5k,where stronger resistance will be felt,driving us
back to 10k again and going further to 12.8k. We may not
even experience strong resistance up until 16k because of
the huge amount of anticipating buyers. 10k is a huge milestone.

I would load my bags at 7.2k [bottom of wedge]
(still a chance, RSI under 50), but as I said, the market
has no patience right now. 7.9 is a more probable, realistic target.
Wait for 2-3 day confirmation on everything before
loading your bags.


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