The idea is still valid, apologies for the sloppy drawing, since I'm trading on different platforms, I analyzed on one and drew on the other, my bad. Note: The break above the resistance can test 13.5k levels as indicated.
The red trendline which acted as support for very long is now a resistance, BTC has to come down to lower supports before moving higher. 12.4k is most probably a lower high for now. It might bang against it a couple of more times but its not getting past it for now. KRAKEN:XBTUSD
Not much to say here, chart should be clear enough...... KRAKEN:XBTUSD
My life seemed to be a series of events and accidents. Yet when I look back, I see a pattern. KRAKEN:XBTUSD
Close on daily below 10300 -> we go down to 9200 and 8800 Close on daily above 10300 -> we go up to 11300 KRAKEN:XBTUSD
Shorts from 12.3K have to be closed carefully now. If we close above 11.9K today we might go as far as 12.8K which would be bad. But if we close around 11.7K or lower, 10.8K would be the target to close the shorts. If 10.8K breaks, it means a bear flag is in play and we can buy at 8.8K (X times leveraged based on how good your risk management is). Or to be...
With my expectional charting skills, lol :D, presenting you all the posibilities from a broad perspective! Hit the like until it hurts!!! And feel free to share/copy..!! May the grace of Hades shine on you!!! Disclaimer: Not a trading advice!!
If 10k holds and we don't go below 9.9k that we touched today until 4th of July, then we go up to 18k KRAKEN:XBTUSD
It's too soon, but might be in the forming!! May the grace of Hades shine on you!!!
KRAKEN:XBTUSD Disclaimer: Not a trading advice!!
The long expected retrace for the move up from $6085 is in progress. The market has no reason to be bullish right now, so the targets $8800 or $9300 or $10000 will not be reached before a deeper correction. A double top at $8500 is fairly reasonable at this moment. ***This is not a trade advice*** $$$Keep calm and DON'T FOMO$$$