BITCOIN (#BTC): 10K SOON!!!
Another successful day for BTC. The Price $9800 was reached and $10.000 is already a bit above us.
So when are we going to try to break through this level? Of course, it can happen at any time, 10K resistance is a very awaited moment and bulls want to get through this level. If BTC manage it, it will be strong bullish trend confirmation.
More advantageous for BTC will be if it is consolidated at the current price level for several days. Subsequently, 10K breakout will be easier.
Looking at the 1H TF - all suggests we'll see an attempt to beat 10K resistance soon:
A) The BTC forms bullish "Ascending Triangle" pattern.
B) Technical indicators are still bullish.
Looking at the 4H TF - in the longer term, I expect correction. Decrease somewhere to $ 9500 or $ 9000- $ 8800, after 10K will be reached.
A) Possible bearish "Head and Shoulders" pattern is performing.
B) However, beware of MACD, which begins to indicate a possible trend reversal.
The weekend is ahead of us, and generally less business activity during the weekend. That's why I think the significant attempt to breakout 10K will follow at the beginning of the next week.
the next few hours or days will be very exciting :-)
I hope you enjoy my charts, please writte your comments, hit that like button or follow me.
Thank you!
So when are we going to try to break through this level? Of course, it can happen at any time, 10K resistance is a very awaited moment and bulls want to get through this level. If BTC manage it, it will be strong bullish trend confirmation.
More advantageous for BTC will be if it is consolidated at the current price level for several days. Subsequently, 10K breakout will be easier.
Looking at the 1H TF - all suggests we'll see an attempt to beat 10K resistance soon:
A) The BTC forms bullish "Ascending Triangle" pattern.
B) Technical indicators are still bullish.
Looking at the 4H TF - in the longer term, I expect correction. Decrease somewhere to $ 9500 or $ 9000- $ 8800, after 10K will be reached.
A) Possible bearish "Head and Shoulders" pattern is performing.
B) However, beware of MACD, which begins to indicate a possible trend reversal.
The weekend is ahead of us, and generally less business activity during the weekend. That's why I think the significant attempt to breakout 10K will follow at the beginning of the next week.
the next few hours or days will be very exciting :-)
I hope you enjoy my charts, please writte your comments, hit that like button or follow me.
Thank you!
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