Breakout from wedge was confirmed. Support at 9400, no stop in between.
It's easy to get buying fomo during a Bitcoin rally, but I want to bring to everyone's attention that Bitcoin is STILL on a down trend. That doesn't mean if you buy now, the price will go lower, it just means that the odds are that will go lower. On the Daily chart you'll see the date and price Bitcoin needs to close above to confirm a new uptrend. To reiterate,...
BTC is getting ready for yet another bull run! On the 4 hour chart you will see BTC starting to close around the 8300 mark. If we can close above 8300 on the 4 hour, then we should see a fairly easy rise to $9,400 with little resistance, namely $9,000 psychological barrier being the only real pause between. However once we get to $9,400, you should see a strong...
Volume expanded on the advanced while volume decreased during the sell off. Broke off neckline with relatively solid volume.
It's everyone's favorite game, catch the falling knife! While this isn't the ideal way to trade, we all know by now how much BTC loves to bounce off strong support. 9,100-9,200 is pretty weak support, so I expect this to break. The next support line is between 8,100 to 8,300. Personally I set my buy order a little above at 8,460 to make sure I purchase BEFORE...