Bitcoin Bears in motion. Reversal @ 10k, 9.4k or 9k!?!?!

Back again with some support and resistance lines, but this time with a swing towards bearish sentiment.

We have a few directions that the market could take us right now, that being a bounce at our current level of 10.3-10k to retest the 11k zone we failed to break over the weekend, a drop to 9.4k at the weekly S1 level support, or we blow through all supports to the previous low of 9.1k-9K.

Personally, if we are going to make a new ATH like everyone thinks, then a definitive reversal on a high timeframe like the Daily we are looking at is necessary to give this market the confidence it needs. I hope to see a double bottom at 9K before we reverse and blow through our previous daily high of 13.9K

I'll update as things change.

Thanks,

Comment:

We broke through the 10k level. Now we wait to see if we hold here and drop lower or if we bounce at 10K as I had said was a possibility. 9.7K is our next support that we test if we drop lower, and the support is pretty weak here historically so a bounce at this level would surprise me.

Will update again if we touch that 9.4k level I mentioned. Very possible bounce at that level.

Comment:

Trade is going as predicted so far. Next stop 9.4k then 9k.

I personally plan to take 50% TP @ 9.1k off my short.

Comment:

so close to our take profit zones. I'll probably close 75% inside of here if we reach it too quickly. Hold 25% to hold out for the 8k wet dream