BitcoinLong
Bitcoin - Intraday analysis of uptrend
Follow up chart!
It is bizarre to buy this dip after so long below 300!! Lets all take a breather and look at what has happened and what could transpire over the next day or two.
With the breakout above 300 consolidating I am highlighting the fact that buyers are still outpacing sellers at these levels so far. Upside targets are the now obvious resistance at 314 and *IF* that is broken then expect a test of higher prints in the mid 300's.
I will remain vigilant of the highlighted levels at 305 and 299. because those order blocks are key levels in this uptrend. Any threat to those and a return to the 200's are all but guaranteed.
Good Trading
My premium indicators are available for monthly lease at tradingview.com/market/ah-pipfoundry/
It is bizarre to buy this dip after so long below 300!! Lets all take a breather and look at what has happened and what could transpire over the next day or two.
With the breakout above 300 consolidating I am highlighting the fact that buyers are still outpacing sellers at these levels so far. Upside targets are the now obvious resistance at 314 and *IF* that is broken then expect a test of higher prints in the mid 300's.
I will remain vigilant of the highlighted levels at 305 and 299. because those order blocks are key levels in this uptrend. Any threat to those and a return to the 200's are all but guaranteed.
Good Trading
My premium indicators are available for monthly lease at tradingview.com/market/ah-pipfoundry/
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