BITCOIN THE IMPORTANT ZONE TO WATCH. REG LINE/SUPPORT-RESISTANCE
BTC had a nice parabolic run
it can continue if bulls manage to break the previous HH
Otherwise i'm afraid we'll drop back to the third base
(which is between 5000/5500$)
The key point is now around 9300$
so the entry for the short will be good below it (9250$ is great)
Around 8800/7500$ we will probably have some consolidation
have stop-losses for your trade.
FOR THE BULLS :
HIGH PROBABILITY THAT THIS DOWNTREND WAS JUST A SHAKEOUT
And if this IHS is in play we'll might jump for a new high !!
zone : support @9850$ , resistance @10400 @10800 @11200
Targeting first 12500 then 13500 then a new high around 18000$
it can continue if bulls manage to break the previous HH
Otherwise i'm afraid we'll drop back to the third base
(which is between 5000/5500$)
The key point is now around 9300$
so the entry for the short will be good below it (9250$ is great)
Around 8800/7500$ we will probably have some consolidation
have stop-losses for your trade.
FOR THE BULLS :
HIGH PROBABILITY THAT THIS DOWNTREND WAS JUST A SHAKEOUT
And if this IHS is in play we'll might jump for a new high !!
zone : support @9850$ , resistance @10400 @10800 @11200
Targeting first 12500 then 13500 then a new high around 18000$
Penafian
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