#bitcoin - Now hitting last "H6-Diagonal" (A&E)
After every single diagonal trendline resistance has been broken with no effort thanks to the Adam & Eve bullishness, the price just hits the last trendline resistance, that could end the A&E play-offs pre-mature, although Bitcoin looks very strong and I don´t really see why we should end this before max-targets. None of us knows currently, where the shorters will start to hop in and where the most targets are sitting. If you followed the development of the order books recently, you have noticed, that many resistances had sell-walls in play, that have been either eaten away like a pepper-steak for breakfast or moved higher (which is typical for a STRONG short-term-trend).
Current resistances are R2-W and the last Diagonal. Next ones coming up would be the R1-M and just after that the feared former high + the R1-Y in the area around 13k. I have labeled for you as usual.
Trade safely, set stops.
____________________________________
Warm regards,
Neru
Current resistances are R2-W and the last Diagonal. Next ones coming up would be the R1-M and just after that the feared former high + the R1-Y in the area around 13k. I have labeled for you as usual.
Trade safely, set stops.
____________________________________
Warm regards,
Neru
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