LONG BTC in the medium time frame
Updated
It broke above the downtrend channel and making new highs as we go.
Next up is the 100 & 200 Daily MA at 8000 that is forming resitence and potential support when it brakes above it.
There is a lot of support between 7500 and 7100 and we could still retest the downward trend line (and confirming the uptrend). breaking below it would be a bearish indicator.
There is A LOT of resitence between 10.000 and 11.000. for instance the HIGH-2-HIGH december 2017 - June 2019, long term uptrends, previous high at 10500, a psychological level.. Breaking above this would be imensly bullish.
The next bullish sign would be a golden cross 50dMA & 200dMA.
Next up is the 100 & 200 Daily MA at 8000 that is forming resitence and potential support when it brakes above it.
There is a lot of support between 7500 and 7100 and we could still retest the downward trend line (and confirming the uptrend). breaking below it would be a bearish indicator.
There is A LOT of resitence between 10.000 and 11.000. for instance the HIGH-2-HIGH december 2017 - June 2019, long term uptrends, previous high at 10500, a psychological level.. Breaking above this would be imensly bullish.
The next bullish sign would be a golden cross 50dMA & 200dMA.
Trade active
it is worthy to close positions around this time BTC ~9900. Close to 10K. I expect perhaps a pump above 10K and then a rejection going lower after the halving 9 may.Trade closed: target reached
Perfect call. Like and follow for more!Looking to re-enter later between 7000 and 5000
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