Bitcoin Daily Chart About To Throw a Party - Address; $9200!
Updated
Hello Traders.
This is a breakout we have seen from the Bitcoin Daily chart many times. Many tests of resistance, followed by a bottom formation, and a quick move up near the fractal.
Now, we look for a slow move up to the fibonacci fractal resistance (black) followed by a violent, impulsive breakout that could see bitcoin test as high as low 9k range.
Right now, our main play is on the H4 chart, but will be keeping a close eye on this to observe how we react to the green box area. If we spend any length of time in the green box without a significant rejection, it's all but certain to experience a reaction.
This is a breakout we have seen from the Bitcoin Daily chart many times. Many tests of resistance, followed by a bottom formation, and a quick move up near the fractal.
Now, we look for a slow move up to the fibonacci fractal resistance (black) followed by a violent, impulsive breakout that could see bitcoin test as high as low 9k range.
Right now, our main play is on the H4 chart, but will be keeping a close eye on this to observe how we react to the green box area. If we spend any length of time in the green box without a significant rejection, it's all but certain to experience a reaction.
Comment
I regret that I am currently not co-located with my main analysis station.All I have to say is each day I am more and more certain we will never see under 7k again
Of course anything is possible
But if we break the next resistance level, I cant even give you a target. Just buy bitcoin.
Comment
next target 10,4 - 11k areaComment
Nice bitcoin...Comment
Another big move seems likely here.
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