Updated

Bitcoin Support And Resistance Bars

200EMA (RED LINE), the last line of defense, must hold to keep us from going into the Bears' Territory. A RED daily candle closing below it will have a very very high potential for the bulls losing the battle for the next months to come.

The Bulls must defend the 10K level and a monthly green candle closing above it is a strong indication that the Bulls are in control.

Remember to always place your stops at the appropriate levels whenever you put in a trade.

Happy trading everyone!

Ron

The MONTHLY overall view is looking very Bullish .
Check out my mid term out look for BTC with the Trend-Based Fib Extension Tool laid out.
This one's on a day chart:

Trend-Base Fib Extension Is A Magnificent Tool

Check out my mid term out look for BTC with the Fibonacci Circle Tool laid out.
This one's on a day chart:

Note

Support Bar #1 held up.

Note

Resistance Bar #1 has been reached.

Note

Price sliced through Resistance Bar #1 like hot knife through butter.
Price is now at Resistance #2. Time for a pull back prior to continuation of the bull run.

Note

Price consolidation in play at the Resistance Bar #2.

Note

The 61.8% Fibonacci Level has been re-tested again and now Bitcoin has created a higher low. Time for a bounce and a bull run!!!!

Note

10K is gone!!!! Onwards to taking out the 14K.

RSibayan

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RSibayan