BTC/USD - market near strong resistance/breakout or again 9500 $
Updated
markte price reached triangle trend line resistance for the fourth time and is testing the breakout currently. Market volume is to low to break this resistance area and I expect another test of triangle bottom line which is strong support line.
Why I expect a dump ? Because most of the people expect up movement in relation to bakkt warehouse start today and launch in couple of weeks. Last time the price moved up just to dump the way back within short time. In my opinion it will go the different way this time. First a dump to 9500 $ or 9000 $ area and after that strong up movement to 12/13K $
-regular RSI retraced from heavy overbought area and is now in correction
-MACD baselines are still in correction movement and haven´t crossed bullish
-Bollinger bands getting tighter and stopped up movement which indicates an incoming bigger market movement
Good luck and a great weekend to all of you :=)
Don´t forget to like and share and feel free to leave a comment or share your opinion.
Why I expect a dump ? Because most of the people expect up movement in relation to bakkt warehouse start today and launch in couple of weeks. Last time the price moved up just to dump the way back within short time. In my opinion it will go the different way this time. First a dump to 9500 $ or 9000 $ area and after that strong up movement to 12/13K $
-regular RSI retraced from heavy overbought area and is now in correction
-MACD baselines are still in correction movement and haven´t crossed bullish
-Bollinger bands getting tighter and stopped up movement which indicates an incoming bigger market movement
Good luck and a great weekend to all of you :=)
Don´t forget to like and share and feel free to leave a comment or share your opinion.
Trade active
entry between 10750-10800 Stop loss above 11000
Note
Note
Note
weekly chart looks bullish if market close above 10800Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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