support found araund 10500 10700 is a very important level that must hold then we have 10 k support that was a very important ressitence
big move may happen if we cross 11400 givin momentun to cross 12300
but we need see a cross in the 13.5 k area and 14.k area if no we will just mark a double top and drop to 10 k are or under
so far trend look extremly bullish even with the big retrace
just a analysis of what is going on at the momemt a cross under 10 k could mean drop under 9 k or 8 k area
hope this small analysis was helpful
so far rsi in the 4 hours benn aiming for a bounce since 10700
but the daily rsi is aiming for a retrace
big move may happen if we cross 11400 givin momentun to cross 12300
but we need see a cross in the 13.5 k area and 14.k area if no we will just mark a double top and drop to 10 k are or under
so far trend look extremly bullish even with the big retrace
just a analysis of what is going on at the momemt a cross under 10 k could mean drop under 9 k or 8 k area
hope this small analysis was helpful
so far rsi in the 4 hours benn aiming for a bounce since 10700
but the daily rsi is aiming for a retrace
Note
Btc about to retest the 12300 12600 areaNote
btc fail 10700 10500 and looks like we just broke the 10 support we may dip to 8.9k or 8.5 kNote
we need break 10700 for comfirmation for more uptrendNote
those are the 2 scenarios going on
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.