Bulls pushed it very hard. BTC is looking good. We were waiting for this small pullback. Then we should start climbing up and test the resistance (red ) around 10K. I have drawn how I expect to see it on a 4H chart. Best timing would be when the next stochastic bullish crossing occurs (roughly like the way I drew it). Tradingview play button does not follow the indicators. So have your own chart set up if you want to use it. I would like to put a stop-loss around 8300. Trade safe. I could be wrong and we could go down to test 6K.
***This merely my personal opinion, not a financial advice.
Komen
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We are observing a pullback faster than expected. Wait for the bullish crossovers and be safe, lol. I will update when I find something interesting in the chart.
***This merely my personal opinion, not a financial advice.
Komen
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Bulls are doing their job. BTC mama looks healthy. Our plan might work out lol. Patience is the key!
**This is not a financial advice. Be aware of the risk :P
Komen
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We are getting there. In a couple of hours, we should expect bullish crossover in the slow stochastic indicator. Use your judgment. Stop-loss is your friend. If we take off from here, we will test the red resistance line around 10K. Good luck!
Komen
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There will also be a resistance around 9500 which is the 0.618 Fibonacci line. One could take profit there.
Komen
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Well.. it looks like mama is kicking some ass!
Komen
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If you wanna compare my doodle on the indicators to the current chart
@venturetrade, but have you heard of alligator mama?
TheLongBear
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@venturetrade, haha. Thanks man. You mean William's Alligator? LOL
venturetrade
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@mushfiq, lol. i mean you waiting for alligator mama lol. i thought yesterday we might actually see her coming but someone did not let her eat her way up ha ha