Here I am just marking supports and resistances for the Bitcoin Chart.
Last Idea of ours showed a major resistance which $BTC crossed and should be acting like Support now (S/R flip).
Unless the new volume comes in we'd see a correction soon.
Consensus is coming and so I am expecting some Alt runs. A lot of them making Rev H&S pattern.
Next big resistance is 69xx - 73xx, If Bitcoin reaches there, I'd expect a pullback. But to reach there we will need new volume. So team parabola, this is a chart for you using a parabolic support as well.
Last Idea of ours showed a major resistance which $BTC crossed and should be acting like Support now (S/R flip).
Unless the new volume comes in we'd see a correction soon.
Consensus is coming and so I am expecting some Alt runs. A lot of them making Rev H&S pattern.
Next big resistance is 69xx - 73xx, If Bitcoin reaches there, I'd expect a pullback. But to reach there we will need new volume. So team parabola, this is a chart for you using a parabolic support as well.
Trade closed: target reached:
Closing my longs here.
I think it's due for correction and we first might see a drop to support of parabola (61xx- 62xx)
If it breaks then the yellow rectangles.
I think it's due for correction and we first might see a drop to support of parabola (61xx- 62xx)
If it breaks then the yellow rectangles.