BTC /USD ( Bitcoin /USD) has been in a daily uptrend, making a series of higher-highs and higher-lows in price.
A potential breakout play is forming, and the price could rise to $10,000 and $10,500 and $11,000 psychological levels (large volume is needed).
Beware of the fakeout pullback down to support first at $9500 to $9000 psychological levels.
Support levels: $9500, $9000, $8500.
Resistance levels: $10000, $10500, $11000.
A potential breakout play is forming, and the price could rise to $10,000 and $10,500 and $11,000 psychological levels (large volume is needed).
Beware of the fakeout pullback down to support first at $9500 to $9000 psychological levels.
Support levels: $9500, $9000, $8500.
Resistance levels: $10000, $10500, $11000.
Comment:
06/11/2020: $BTC and $SPY correlation still in play.
Comment:
$BTC: Higher-Low/Support Levels currently being tested.
Trade closed: stop reached:
Resistances holding for BTC.
Short-term downtrend in progress.
Short-term downtrend in progress.
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