AlphaTradeZone

NEW TARGET 11.8K?! Be careful...

BITMEX:XBTUSD.P   Bitcoin
Hello everyone, our predictions playing well 3 in a raw!
So what is next?
If you noticed - price hit resistance zone $10726-10837.
Also, price hit Trend line (orange line).
For now We expect price to drop to $10087 level. before going uo to $11.2k.
More over, what we have found is that, there is around 40% chance to hit $11.8k level.
We do not recommend to short now, trend on lower TF remains bullish.
There are two possible options from where price can start grinding up again:
From current price (1D level support $10512) or from $10087.
Volume supports this move up, but now need cool off before next wave up.
More it will flat at $10512 - more it will gain power to confirm move to $11.2k.
Comment:
Fakeout of 1D support $10512.
Stop moved to breakeven level.

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