9400 top? but 7700-7750 first
BTC has been KILLING IT.
thought I throw up an idea just for the fun of it.
First of all I think we should retest our previous 7700-7750 highs that were resistance, should now be considered support.
Then we rally to take out liquidity near 8800 or even 9400.
Daily indicators aren't really giving a lot of breathing space for bitcoin right now.
The black line I drew shows what I think bitcoin may or may not do, depending on what happens.
But we are most definitely not done for now.
We should still rally back up to create new highs, to not only take out liquidity for shorts but also form divergence pattern on the RSI, and my fast and slow oscillators.
On so many timeframes there is positive divergence, in fact from 12 hourly all the way down to the 4 hourly I'm spotting positive divergences.
It's only a matter of time before we bounce.
thought I throw up an idea just for the fun of it.
First of all I think we should retest our previous 7700-7750 highs that were resistance, should now be considered support.
Then we rally to take out liquidity near 8800 or even 9400.
Daily indicators aren't really giving a lot of breathing space for bitcoin right now.
The black line I drew shows what I think bitcoin may or may not do, depending on what happens.
But we are most definitely not done for now.
We should still rally back up to create new highs, to not only take out liquidity for shorts but also form divergence pattern on the RSI, and my fast and slow oscillators.
On so many timeframes there is positive divergence, in fact from 12 hourly all the way down to the 4 hourly I'm spotting positive divergences.
It's only a matter of time before we bounce.
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