BTC/USD -broke local resistance at 9.2ks -breakout is confirmed with volume -new immediate support is set at 9.2k-9.1k -if the current price level will hold -and break the swing high at 9.5k -we could expect the price to surge up to 10k
BTC/USD -false breakout yesterday -but still manages to hold current support levels -must not break local support at 8.8ks -KS CROSS Ultimate Indicator still acting as support -no major red flag on the indicator yet -last Long signal was triggered on the 23rd of April -technically, the priority remains to the upside
BTC/USD -potential bearish pattern -must break above 9k to invalidate the pattern -if failed to break resist line -expect to return back to previous support
BTC/USD -failed to break resistance at 9.2ks -bounced at previous support area at 8.7ks -if BTC can't get above the resistance zone -expect another downward pressure will happen
BTC/USD -weekly candle must close bullish -must hold immediate support at 8ks -must keep trading above 20ma -if failed to break downward resist line -must consolidate and challenge to break higher -next upside target is key resist area at 10.5ks -no major red flag on the weekly -we might expect minor consolidation for few days -priority is to the upside
BTC/USD -broke key resistance at 9.2ks -the gap is now filled at 9k region -extremely overbought meaning the strength is superb -next target is now at 10k -is it ideal to short Bitcoin? -answer is NO -you don't want to stand still in front of a speeding train
BTC/USD -A Bullish breakout of local resistance -New Higher High is made on 4h chart -Upside target is up to 8.2ks-8.4ks -Key stops should be below 20ma -Market sentiment is going up
BTC/USD -No major red flag today -Old resistance turned into new support -Bullish wicks rejecting price at new support -The priority remains to the upside -As long as the immediate support will hold -Upside initial target is up to 8.2ks
BTC/USD -old resistance is turning into the new support zone -two bullish retest candle -20ma approaching as dynamic support -no major red flag today -if local resistance at 7618s is broken, we go up -the priority remains to the upside
BTC/USD -Broke key trendline resistance -Bullish closed above 7400s -New immediate support is set around 7300s -Priority is now to the upside -Next key sell target is at 8100s -We need to see further follow-through -To confirm stronger present from the Bulls
Simple symmetrical triangle analysis for the next couple years for BTC. Personally if you are going long i still believe Ethereum out performs BTC in everyway.
just a small short trade to 9160 self explanatory chart