Ok Here u can see we broke down the channel that hold us in this entire up move on ltf, Will be retested soon but i think another retest of 10.5 is next.
KR SCALPER h1 took a nice signal 25% profit long, and now short lets see.
Just longed the dip for a potential scalp long, knife cut showing potential long signal on all timeframes till h12. i take this chance with target 9.500 area for a potential retest.
Bitcoin is, for the third time attempting to break the resistance between $10,000-$10,500.
Breaking this resistance will mean making a new high for BTC this year.
Based off of the previous bull run, we could expect the next resistance to be at $12,000.
Should this resistance hold, we could see the price...
As you can see, we are bouncing off of our major fib. The two most vital levels, for this to not dump sooner than later, are above the fib (red line) and above 9090 which has acted as great support in the last weeks - and most recently, has been a huge resistance that we have not been able to get past. The next major support if we can't hold here, is just above...
Purple line and white line are being respected as great res and supports. made some great profits off using these two alone. To remain bullish, I would like to see us continue to use these lines as support and not just that, but get enough momentum off of them to get past and find new supports above 7k.
Bitcoin USD has broken out of this bearish pattern of the lower highs and lower lows, support has been established at 9507 this is where a bottom has been set on the 4 Hour chart where we had the breakout. And on the daily we have also broken out with a green candle on the daily.