Hi, friends. BTC reached the upper balance level and now I am expect a small rebound from it. Rebound needs - the price should rest before breakout 9770.
Where we can join to this up trend?
1 enter point - 9500.
2 enter point - 9300.
If the price breakout 9770 without a rollback to the support levels and the balance goes up, put a buy limit on 9775 for the retest. First target - 10700.
If the price breakdown 9300, up trend will cancel and we will have a wide balance again.
Where we can join to this up trend?
1 enter point - 9500.
2 enter point - 9300.
If the price breakout 9770 without a rollback to the support levels and the balance goes up, put a buy limit on 9775 for the retest. First target - 10700.
If the price breakdown 9300, up trend will cancel and we will have a wide balance again.
A false breakout is not a signal to the enter the market. It need's a confirmation. Confirmation will be if the price breakdown the level 9540.
In this case we will see a fall to 8850.
There is only one level of support that will probably keep the price from falling - it's bull zone 9250-9300.