Since last post of the Break Out, the price has found very nice channel to climb. Currently is even above the uptrend channel , which i think is just ok, more support zones to have :)
Now the price is in the little bullish triangle ( uptrend channel and resistance $11800). If there will be a break out, i prefer 4H candle close above $10800, BTC have clean ride to $12500.
That BLUE line is my major gain line... trend line since 2012, so there i expect a big resistance. But this is crypto, it can go smoothly above the blue line or be hard rejected.
For now, BTC is still bullish and there is still some fuel to put price higher. In other way, we should not see price below $11k...
Good Luck all... hit the LiKe if you like the idea :) tnx
Now the price is in the little bullish triangle ( uptrend channel and resistance $11800). If there will be a break out, i prefer 4H candle close above $10800, BTC have clean ride to $12500.
That BLUE line is my major gain line... trend line since 2012, so there i expect a big resistance. But this is crypto, it can go smoothly above the blue line or be hard rejected.
For now, BTC is still bullish and there is still some fuel to put price higher. In other way, we should not see price below $11k...
Good Luck all... hit the LiKe if you like the idea :) tnx
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For now price is in the channel, but it doesn't look so good about staying in it... We might see another drop.
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update chart:
Lower then $11250 can trigger another new low, below $10900 means trouble :)