BitcoinLong
BTC / USD - 10.900$ incoming
Updated
Hello there,
I wanted to provide some quick and simple Support / resistance analysis for those who re getting lost with all those updates on social medias.
The last 2-3 days were really good for BTC as we found enough strengh to crush two resistances (10.000$ and 10.400$). We flipped the 10.000$ one into a support and we re currently retesting the 10.400$ one. If it holds, and I think it will, we will be heading to 10.900$.
I will probably close my long positions once we will be at 10.900$ as we may need more strengh to go further.
I could add some indicators into this idea but I really want to keep it simple.
TO conclude, a word about ALTs. You shouldn't be into some ... BTC dominance is on fire and guess what ? It will go higher. I'm expecting 76-77% BTC dominance before some relief. A big alt season is building, but don't get fooled and be patient. Stay with the mothership. September will be huge and we should see 15k.
Take care, trade safe.
I wanted to provide some quick and simple Support / resistance analysis for those who re getting lost with all those updates on social medias.
The last 2-3 days were really good for BTC as we found enough strengh to crush two resistances (10.000$ and 10.400$). We flipped the 10.000$ one into a support and we re currently retesting the 10.400$ one. If it holds, and I think it will, we will be heading to 10.900$.
I will probably close my long positions once we will be at 10.900$ as we may need more strengh to go further.
I could add some indicators into this idea but I really want to keep it simple.
TO conclude, a word about ALTs. You shouldn't be into some ... BTC dominance is on fire and guess what ? It will go higher. I'm expecting 76-77% BTC dominance before some relief. A big alt season is building, but don't get fooled and be patient. Stay with the mothership. September will be huge and we should see 15k.
Take care, trade safe.
Note
1HR chart : 10.400$ tested as support, let's move on ! Note
Isn't it beautiful ? Clean, simple. No need for more TA. Target reached. Let's move on :)
Trade closed: target reached
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