Community post
LONG Bitcoin! This is what it will take !
This is what it's going to have to take for Bitcoin 0.11% to stay above the broken resistance
Here we can see a bigger picture of where bitcoin is heading
Here we can see the up trend and the movement above past resistance
And before that we can see it breaking out of its triangle here
Here is where we see the bounce from $6.5k
If you enjoyed this or got to the bottom MAKE SURE TO COMMENT AND UPVOTE your supported is much appreciate!
Replies (2)
wow
I did not catch the bottom but still waiting to short a good resitance lv and play the retrace. That breakout of 8250 wasnt that violent as i expected. But to be bulish we still have much more resitances to break the way up . 8400 8500 8800 would be my targets. The 2014 fractal is discarded IMO. Looking at the charts, it looks more like a whale battle. SHORT Vs Long ratio is flat .On the side down if we dont manage to break 8400 8500 i think rejection could be harsh to 7700 7500. Im not uberbulish long term because were are still in a beartrend till confirmed the opposite. Short term we could see some bulish momentum if we break 8400 but its grinding slowly. Time will tell how this ome plays out.