Bitcoin - Retrace
Updated
Resistance just below 10660 seems to be indicating a retrace after a strong bull run up, and the Relative Strength Index not far from 60 on the daily charts; if the bulls break through 10660-10930, the retrace can occur at 11000-11320.
Support seems to find it self well along my yellow trendline to 15000 so far - should be interesting to see how things develop next week...
Support seems to find it self well along my yellow trendline to 15000 so far - should be interesting to see how things develop next week...
Note
Other key points of resistance are the median values within the pitchfork; take note how well the candles have found support or resistance within these values...Note
11700 would be the highest resistance - correlating along the peak of the yellow midrange median value of the pitchfork.
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