myko87

myko87

BTC Broke out of our parallel channel and even retested it a couple times I'm leaning more towards 6300 was our pullback on our way down to 5800 (green box) I will be looking to build a long position as we get closer to 5800

myko87

6500 is a key area We could retest this area before dropping to my buy zone of 5800 If we don't climb back to 6500 then 6350 could be the resistance needed to send it down

myko87

OGN bounced right off my buy zone yesterday for a nice long :)

myko87

BTC broke down out of the rising wedge as expected The ideal setup would be to continue down to our strong support at $5,800 and bounce from there I don't see us breaking $5,800 I will be looking to build a long position as we get closer

myko87

Not much has changed .. although we had a 4hr candle close above $6,800 (BARELY) we were swiftly rejected (yellow circle) We need a clear breakout, a daily candle close above, for me to feel bullish 🐂 We are still in the parallel channel and still in the rising wedge which are forming tops at the same area Scenario #1 - Bitcoin bounces and tests resistance at...

myko87 Updated 

Btc was rejected at the 55 ema and the bottom of the descending channel it fell out of. We had a bullish engulfing candle form on the daily so may be worth considering longing as we near our 8500ish support

myko87

BTC broke above the descending channel as expected last night. Bullish divergence was also an indication that this would happen. I placed a long at $8648 .. first trouble area is around $9130 ** Help me build some reputation by likes/comments please :) I'd like to be able to post snap shots in my updates

myko87 Updated 

Looking to see if the 8250 is confirmed as support along with the trend