BTC showing some strength?
Red dashed horizontal lines = Resistance
Purple dashed horizontal line = Broken resistance / potential new support
Yellow arrow = current ascending trend
Green solid line = longer term ascending trend (multiple touch points confirm)
RSI is getting into overbought territory, but it looks like we're making a run up to $11,700 at this point. We'll see if the bulls have enough steam after breaking through $11,200 a moment ago. I am surprised that we reloaded and broke $11,200 so quickly - we didn't even dip below 10k!
What are your thoughts? Can we punch through $11,700 - $11,800 range? Will there be pullback at this point? I feel we'll bounce off $11,700.
Purple dashed horizontal line = Broken resistance / potential new support
Yellow arrow = current ascending trend
Green solid line = longer term ascending trend (multiple touch points confirm)
RSI is getting into overbought territory, but it looks like we're making a run up to $11,700 at this point. We'll see if the bulls have enough steam after breaking through $11,200 a moment ago. I am surprised that we reloaded and broke $11,200 so quickly - we didn't even dip below 10k!
What are your thoughts? Can we punch through $11,700 - $11,800 range? Will there be pullback at this point? I feel we'll bounce off $11,700.
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