definitely thinking down a bit here... where too is the question.
2 levels i think... first i think it might plow down through it at, around 9k. although it already took a fairly nice bounce lower, the indis i have for the strat are definitely starting to show some signs of bearish moves coming
second is back down to around 8-8.2k, which, i personally see as being...
so after a nice run up here, the algo that i use is pointing to some strong resisitance at the 10.5k marker.
With the usual behaviour and sentiment around 10k of dumb money movement, we can expect (as per usual) some potential manipulations,
with lower time frames showing a few almost significant pump and dumps too..
Long vs Short positions still lie in favour or...
8750 is going to be the level to hold, with monthly support here, if we can hold this for the close of weekly tonight, things could be looking good!
Next level of support is around 8200, for weekly support. either way if we can remain above these two levels, i will remain bullish in the long term.
That doesnt mean to say a break below 8200 will be "bad" for...
looking at my indicators i have a good feeling bitcoin could really push through this rally fairy soon.
this is purely based on my opinion and algorithm.
if you wish to discuss how i came to this analasys further feel free to get in touch :)
the strategy i have been writing for 6 months, works across every time frame, throwing out 90% results and above, with a...
although we may see another leg up to the mid 9k's a retrace to at least 8.2k is pretty likely in my opinion.
nothing to suggest we have broken out of the down trend of the last leg!
The Trading Sargent