Hello, Traders!
BTC’s huge move above the significant $10500 USD resistance level, has created some breathing space for BTC. This gap between BTCs current price and the next resistance level should allow BTC to grow further.
Another way showing that BTC is free to move higher with little resistance is through the Gann fan. The Gann fan below originated in June...
Looks bold today facing some resistance from the highest monthly cpr level. We have to overtake it to turn it into support. I really hope this time our favorite king coin won't be doing any mischiefs. By doing this It promises to be a good boy this time. :) Take a close look at this resistance level, and both support lines below of 9450 and 9300. Good luck, traders!
Bitcoin managed to do a nice push to the upside above both 20-day EMA and the daily EMA Ribbon which is a very important moment. Also, it is holding its ground to the lower support line of the bigger rising channel than heading to the downside within the smaller falling channel formed since June 2020. Could it test at least 9.8K resistance? If all that is not some...
Gaussian channel is starting to flip red. Soon expecting at 4H. You can see on the left what happened last time when it first started changing cycle. The situation looks to me very alike. Plus, resistance by the 200 EMA at 4H and 50 EMA at 1D. On the top of it it has been pushed out of the rising channel which is another level of resistance. Short from here to be...
You will note that as we entered this week that weekly Fibonacci is at 50% and has surged to the nest level - 38.2%. So this is the one to watch this week. As to if the price will go up or down, that is in the lap of the gods. But as we are more than half-way through the week, I am not confident the next level at $9732 will be attained. It may be a smart move...
