BTC just touched the top of one triangle as well as one FIB Resistance.
Base your future trades on those FIB Levels and triangles.
Base your future trades on those FIB Levels and triangles.
Comment:
BTC is currently testing the top of the second triangle. If we break it, next stop is 10k where there will be strong resistance.
If we don't break it we may come back to 8.8k-9k levels near the FIB where BTC will gather some strength.
If we don't break it we may come back to 8.8k-9k levels near the FIB where BTC will gather some strength.
Comment:
As stated in my previous update, due to the break of the second triangle, we hitted the 10k resistance.
BTC is now inside an ascending channel (two black lines) and we may go to 9k or stay around the blue line (EMA 150) in order to gather some strengh to try to break the 10k resistance.
BTC is now inside an ascending channel (two black lines) and we may go to 9k or stay around the blue line (EMA 150) in order to gather some strengh to try to break the 10k resistance.
Comment:
We are still inside this black channel.
Going down to 10k to test the bottom of the channel is still a possibility
Going down to 10k to test the bottom of the channel is still a possibility
Let's see now how will BTC react to the second triangle