Watching 9160 area for the time being. In Price Action 9160 seems to have the most support for a nice bounce to retest 10350-10650 for a B wave. in the coming weeks we're going to be in a correction. ill be watching a few supports after retesting the top. either 8200 holds and we start a new big leg up or 8200 gives out and we make a double bottom at 6800 area....
I highlighted similarities in candle countdown and resistances from 2018 , and it looks like we are forming a bottom within this region with 11k as resistance , we will rally high enough to make 10500 our support eventually , so a target of 17k with a blow off top somewhere above previous all time highs is the program of next year .
good luck everyone
MACD daily trend downward/ bearish signal
if daily candle close above the BB moving average then it will test for retest the level 9566
9566 is strong monthly support zone which will turn in resistance
RSI above 50 but slowly moving toward bears
Fiat inflow is low and whales have been trying to artificially incite FOMO. But even a push above $10,000 doesn’t seem to have caused a wave of FOMO. They could start selling at this trend line causing the wedge breakdown.
Or bulls blow right through it and we go full bull run.
Possible reversal at PRZ if we fall back into bear. Seeming unlikely but wanted to...
Today I want to share my thoughts on Bitcoin.
we have reached 13.9k and are moving down now. I am still convinced that this is a correction after which there will be an upward movement. I'm waiting for the support level 9200 there is a chance that we can go lower and touch the support line of black downtrend channel. The same line of support...