01/09/2020
The 21MA in red is the MA we need to get and stay above.
Failing this and the break of the purple line or bounce off the first box and then a break of the line, I think we could come down and test the lower box. This would turn my bias towards the downside and if a bounce from that level failed and a break down through it occurred, I would imagine Bitcoin would most likely see the higher or mid ranges of 10Ks, possibly testing the 10.5K resistance we had previously struggled to break.
Lets all hope that doesn't happen lol, though if it did a gain in the Altcoin market would serve up some great opportunities for those who take interest.
Failing this and the break of the purple line or bounce off the first box and then a break of the line, I think we could come down and test the lower box. This would turn my bias towards the downside and if a bounce from that level failed and a break down through it occurred, I would imagine Bitcoin would most likely see the higher or mid ranges of 10Ks, possibly testing the 10.5K resistance we had previously struggled to break.
Lets all hope that doesn't happen lol, though if it did a gain in the Altcoin market would serve up some great opportunities for those who take interest.
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