BTC's push to $11k
Will BTC keep enough steam to break 11k? It all depends on what the 1H Heikin Ashi candles do. In order for us to break 11k we will need some good steam on the 4H candles. That won't occur unless we can get a nice consolidation on the 1H before we head to the 11k mark. 4H candles have room to grow but the 1H are running out of steam for sure.
This is supported by the fact that the 1H candles are far off the Tenkan line. They will want to come back to the Tenkan line, which matches up with the RSI and fact that we are coming up to a good resistance level of 11k.
Let's keep an eye on BTC over the next few hours to see if it can build the steam to break 11k or if it will bounce off.
My prediction: If the 1H doesn't consolidate soon we will not have the steam to break 11k. We we can consolidate on the 1H, we can make it through 11k.
This is supported by the fact that the 1H candles are far off the Tenkan line. They will want to come back to the Tenkan line, which matches up with the RSI and fact that we are coming up to a good resistance level of 11k.
Let's keep an eye on BTC over the next few hours to see if it can build the steam to break 11k or if it will bounce off.
My prediction: If the 1H doesn't consolidate soon we will not have the steam to break 11k. We we can consolidate on the 1H, we can make it through 11k.
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