Bitcoin break the 7800 resistence and more!

Bitcoin break the 7800 resistence and more! wow! Now we have the final downtrend line and 0.618 fibo level. If break this point a uptrend rally is expected. while not, a correction to bottom of uptrend channel is expected.

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A sub channel detected. If you dont have patience to wait a correction to bottom of main channel, you can buy some bitcoins in bottom from is sub-channel on 1H frame, 7850 region.

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We are already in the middle of the identified channel. My purchase suggestion is at the bottom of the channel.
If you already have bitcoin purchased, do not worry, we are far from a reversal.

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"Everything that rises fast, descends fast ;)." Bitcoin has had a strong drop in the last few hours and now we're deep in the sub-channel. You can buy some bitcoins now and put stop loss at 7700. The chances of continuing to fall are higher due to the force of the fall, if you have patience wait for a reversal signal.

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If you followed our advice you are already more than 3% profit. Climb the stop loss from 7700 to 7800. Suggested targets: Partial now before breaking downline h1. Partial end 8290. Then we find another entry.
If you are investor for medium or long term just hold the bitcoins, we are far from a reversal.

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Looking for what price to buy bitcoin? You can buy anywhere as long as you stay safe with the 7800 stop loss for short term. The targets would be before the resistance in 8270. If we overcome this resistance we have the next target at 8900.
At this moment a reversing hammer is being confirmed on H1, a good sign for the bulls.

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New chart;

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The bitcoin dont break the 8350 resistance and started a fall. Probably the price go to bottom of main uptrend channel, in buy zone region.

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Bitcoin continues fall as expected. Probability the next hour the price will entry in the suggestion zone to buy. Trusting in the uptrend channel the stop for short term is 7150.

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We are in buyzone. If you trust in the uptrend channel (as me) you can buy some bitcoins now. Stop loss 7150.

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Bitcoin break the uptrend channel.
The bullish trend is now compromised. Be careful.
But, we have a strong support in 6800 region, use this to your advantage.

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In the position that the bitcoin is now, it is difficult to know what will happen. We have in favor of bulls a very tight price and support in the region of 0.618 of fibo. But we have in favor of the bears a broken high channel and a frustrated attempt to break the main low trend line. The weekly candle is also engulfing the previous one.
I'll just watch with my USD in my pocket and look for very short trades.

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New chart ideia published;