On May 14, one fact was noted - while Bitcoin is under resistance (under 8400), altos will get a good chance for growth. What we observed later - the alts market pleased.
According to the previous forecast, we noted that closing the day with a full candle above 8100 gives the bulls a head start on growth, as a result, two days before a series of such closure did not happen, but Bitcoin, nevertheless, reached the target of 8200.
On TF 4h, we see consolidation under resistance in the form of a bull pennant. There is no guarantee that it will work on the bull scenario, so we will look at an important level of 8400 and if the price consolidates above it, then the pennant will work out its function.
At present, the bullish block is located in the region of 7500 - 7650, and from here you can take Long with targets of 7800 - 8000 - hold and stop at 7400, if local support around 7750 - 7850 will not withstand the onslaught of bears.
Resistances: 8150 / 8350-8400 / 9500/10500/11500
Support: 7750-7850 / 7550/7450/7250/7050/6850/6450/6150/5750
Well, I still adhere to the option for the future with the test 5800 - 6200, where you can place the main purchases for the medium term with the potential for excellent profit.
According to the previous forecast, we noted that closing the day with a full candle above 8100 gives the bulls a head start on growth, as a result, two days before a series of such closure did not happen, but Bitcoin, nevertheless, reached the target of 8200.
On TF 4h, we see consolidation under resistance in the form of a bull pennant. There is no guarantee that it will work on the bull scenario, so we will look at an important level of 8400 and if the price consolidates above it, then the pennant will work out its function.
At present, the bullish block is located in the region of 7500 - 7650, and from here you can take Long with targets of 7800 - 8000 - hold and stop at 7400, if local support around 7750 - 7850 will not withstand the onslaught of bears.
Resistances: 8150 / 8350-8400 / 9500/10500/11500
Support: 7750-7850 / 7550/7450/7250/7050/6850/6450/6150/5750
Well, I still adhere to the option for the future with the test 5800 - 6200, where you can place the main purchases for the medium term with the potential for excellent profit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.