Looking at Gdax I haven't seen pushes like this in a while. We keep getting rejected, but they won't give up
Bulls want that resistance broken! Careful for the double top though , i see a small drop if we double top 8300 and reject.
8k support, 7800-7900 stronger support.
We shouldn't see a huge dump if we reject 8300, rather a bounce. BUT, if we break 8300 bulls will want 8600! I'm usually bearish but bulls have been showing so much strength lately.
Sorry about being all over the place. There isn't a clear signal of direction because as we know bitcoin is NOT following TA rules no matter what anyone tells you.
This is why i make such simple charts currently , I try to gauge how the market is responding at the given time.
Bulls want that resistance broken! Careful for the double top though , i see a small drop if we double top 8300 and reject.
8k support, 7800-7900 stronger support.
We shouldn't see a huge dump if we reject 8300, rather a bounce. BUT, if we break 8300 bulls will want 8600! I'm usually bearish but bulls have been showing so much strength lately.
Sorry about being all over the place. There isn't a clear signal of direction because as we know bitcoin is NOT following TA rules no matter what anyone tells you.
This is why i make such simple charts currently , I try to gauge how the market is responding at the given time.
Note
SAVAGEBulls demolished the wall. Let's hope they can keep momentum
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.