LisaNEdwards
Long

BTC - HIDDEN SUPPORT ZONES AND WHY $10,000 WILL HOLD!

BITMEX:XBT   Bitcoin / U.S. Dollar Index
Hey Everyone,

Happy Friday and my last day here in New York!
I am seeing a huge amount of Bear charts here on trading view and other sites, so I wanted to look at support zones and why we will hold $10,000!

Let's have a look...
At $11,551 we have a horizontal support crossing from January 2018.
We have diagonal support that held this region pushing us higher from June 2019
A lower diagonal support that is untouched from April 2019
And we have our parabola that remains untouched and unbroken from the bottom of this run up from $3224


I have added some arrows on the chart as potential price pathways, and these are in line with a chart I did previously and a pattern to watch out for in this region as we consolidate to move higher. (granted it is higher than I anticipate, but we trade the waves as they break higher and move our stops into profits)


Right now I believe we will retest this previous high, before a retest to support. (as shown on chart)

I want you to all think about this the next time you see a BTC Bear Chart...

What support has broken?
Is the price getting quickly bought up on ANY drop?
Are we constantly breaking the highs?

UNTIL ALL OF THAT IS NOT IN BTCs REALITY... WE ARE MOVING HIGHER

WELCOME THE BULLS

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like, that way you get updates as I post them.... :) <3


Comment: BTC has bounced here and I would LOVE to see this hold for the psychological reason of 10K mindset and I think should we break this region going back through from the other way could prove more difficult but not impossible, I have marked the next supports here and will fully dissect this in the morning (later morning is 2am here and all my alerts went into meltdown) the parabola is not in threat of breaking in this region so there is no issues for us to move higher long term.

FULL DISCLOSURE I TOOK A 2.89% LOSS ON THIS TRADE
Comment: BTCs first hurdle will be 10,700 which is previous support, on a break supports become resistance
❣️Lisa N Edwards❣️
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Comments

HI Lisa great chart as always and enjoying the discord.
+2 Reply
@salathe, thank you and that is awesome! <3
+1 Reply
Been monitoring MFI. Interesting correlation
+1 Reply
Expecting 12700-13500 price or even double top

+1 Reply
LisaNEdwards asdasadsadsadsda
Reply
BTC mission for 18000$ still continue after the retracement has been achieved.

+1 Reply
@weslad, nice chart
Reply
Nice and beautiful chart ! but I think its price will drop to 8900
+1 Reply
LisaNEdwards Sobhan123
@Sobhan123, only if a whole heap of major supports break
Reply
hope u like the analysis
+1 Reply
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