Bitcoin - Adjusting Support Level
Updated
Hey yall,
Glad to see we are establishing new supports with gradual movements. This is what we need, but keep in mind we are going to bounce and shake a little bit on this roller coaster. RSI and Overall Volume is getting there to push us farther North as long as we can reset by tomorrow above 11,2k to carry us through the weekend. I will always be 100% with you guys and here lately the weekend has been our enemy, so I look to lose quite a bit of momentum over the next few days. So many TA's forget about timing in cryptos and it is one of the most important aspects. Here we are, look for BTC so drop back to test new support levels around 10,750. It might retest just a little bit lower but that is dependent on price action over the next 4h. We are not bullish right now like some are stating, but we are finally making progress by the bullish moves we are making and then resetting our support by strengthening numbers. Keep in mind that a retest of the top support channel is a positive sign for all of us as we are finally moving in a different direction from the past two months. Don't listen to this bullshit of a Bullish Market/Flag as we are just not there yet. There are still a lot of Whales holding the bags that have been waiting for the opportunities to scale out over certain points as we move into larger resistance levels. We will draw back but look for a rising push back up over 11,2k in the am.
Thanks
Glad to see we are establishing new supports with gradual movements. This is what we need, but keep in mind we are going to bounce and shake a little bit on this roller coaster. RSI and Overall Volume is getting there to push us farther North as long as we can reset by tomorrow above 11,2k to carry us through the weekend. I will always be 100% with you guys and here lately the weekend has been our enemy, so I look to lose quite a bit of momentum over the next few days. So many TA's forget about timing in cryptos and it is one of the most important aspects. Here we are, look for BTC so drop back to test new support levels around 10,750. It might retest just a little bit lower but that is dependent on price action over the next 4h. We are not bullish right now like some are stating, but we are finally making progress by the bullish moves we are making and then resetting our support by strengthening numbers. Keep in mind that a retest of the top support channel is a positive sign for all of us as we are finally moving in a different direction from the past two months. Don't listen to this bullshit of a Bullish Market/Flag as we are just not there yet. There are still a lot of Whales holding the bags that have been waiting for the opportunities to scale out over certain points as we move into larger resistance levels. We will draw back but look for a rising push back up over 11,2k in the am.
Thanks
Trade active
Gotta be on point
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