Bitcoin strong power move past $7k
Updated
Bitcoin appears to be moving through a bullish test over the past 7 days - TD indicator (60% reliable) on the daily is sitting on a 7 with a 4 hour candle to close out before the next daily candle closes. We could see price movement to $7250 or $6600 from this range when the daily candle closes. It's looking like the market wants to move up but just when you think you know what Bitcoin is going to do, you get REKT. Lucky guesses are the name in our game. Bitcoin will grind your gears and polish your chrome in the same breath.
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4Hour - Note
45Minute - Note
Bitcoin 7020ish is the 50ma and 6750ish is the 200ma - should see up to a -10% dip by Friday August 31 - $6150-$6200 is the lowest "support" area - if this is staying bullish, you might catch a knife on the bottom of the wickNote
8.5 hours left before the end of the daily candle - the daily candle needs to close above 7250 for a TD Indicator green 9Note
Trade active
Held support at $7200 over the weekend. If current trend holds, expect to see prices test $7500 then $7800 through the middle of this week.
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