Updated

I got it all wrong (Bitcoin Going UP - Support & Resistance)

I apologize, I got it all wrong.
The bears failed completely, they didn't manage to reach our strong support.

While we were expecting a strong retrace. They couldn't take the price lower than $6130 and now we are back on another up wave.

I am extremely happy to be able to say sorry and admit that I was wrong.
So now we reverse short term and go on another wave up!

You can look at the chart above for the different resistance levels and support.

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Support levels:

(1) $6300
(2) $6125
(3) $6000

Resistance levels:

(1) $6600
(2) $6750
(3) $6900
(4) $7000
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Thanks a lot for reading...
I continue to be deeply grateful, highly appreciated and amazed by the incredible support.

Namaste.
Wishing you always the very best.

P.S. Make sure to visit my profile and check my other altcoins trades.

Note

Altcoins action is showing strong signals of an upcoming change of trend.

We will have a better confirmation when this week ends, but we are looking positive for the coming months. 2 more months...

Note

Resistance levels:

(1) $6600 * Target hit *

Our first target is now sitting around EMA50 on the 12h time frame.

On the daily time frame, EMA50 matches perfectly with our next target of $6750 per Bitcoin, you can see it on the chart below:

- We are now trading above EMA10 (blue line). This price level can now work as support for us.

Support levels:

(0) $6500 (Updated - new support)
(1) $6300
(2) $6125
(3) $6000

Thanks for reading.

Note

I am zooming out a little bit so that you can see my trendlines. Bitcoin has been respecting these trendlines quite accurately:

Note

My Bitcoin weekly chart update, hoping that you enjoy it (just click on the image below):

[BTC] Bitcoin Weekly Long term (Bull Resistance vs Bear Support)

Note

Ascending channel on the daily time frame:

- Now trading above EMA10 (Blue) and EMA50 (Magenta).

Note

The June and August lows trendlines continue holding Bitcoin's price.

It is time for the bulls!

MasterAnanda

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MasterAnanda

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