BTCUSD
two days ago i mentioned in my last post that 65k was the new roof and i said the weekly has to close above it before the next move higher
i had no clue it was going to happen this fast but it did, wait for confirmation of a weekly close above 65k for a high potential move up.
on the fall we saw that more and more support/resistance is being created from the area of 54k-57k
we haven't closed the weekly under 55k yet and that's a very good sign
/Bulls\
- the minimum i see btc needs to close on the weekly is above 57k so we can re test 65k and hope next week we close above 65k; the problem with this is we could still have a chance of hitting 65k and falling down to re test 45k-47k
- the strongest and best signal i can see for the bulls is a weekly close above 65k..... THATS IT
/bears\
- a strong indicator of btc falling lower would be a weekly close under 54k-55k, i said in the last post take profit on your shorts from that fall @ 55k, 53k & 47k two of them have been hit and the last one is the strongest of them all!! if weekly closes under 55k (we could even see a rise to touch new resistance at 65k first before the fall down to 46k) the targets would be
@
TP1: 50k
TP2: 46k
TP3: 39k
the 39k seams far out but a true bottom is hard to find
- if weekly closes under 46k its over... 39k then we see what happens (if that can hold or not)
i had no clue it was going to happen this fast but it did, wait for confirmation of a weekly close above 65k for a high potential move up.
on the fall we saw that more and more support/resistance is being created from the area of 54k-57k
we haven't closed the weekly under 55k yet and that's a very good sign
/Bulls\
- the minimum i see btc needs to close on the weekly is above 57k so we can re test 65k and hope next week we close above 65k; the problem with this is we could still have a chance of hitting 65k and falling down to re test 45k-47k
- the strongest and best signal i can see for the bulls is a weekly close above 65k..... THATS IT
/bears\
- a strong indicator of btc falling lower would be a weekly close under 54k-55k, i said in the last post take profit on your shorts from that fall @ 55k, 53k & 47k two of them have been hit and the last one is the strongest of them all!! if weekly closes under 55k (we could even see a rise to touch new resistance at 65k first before the fall down to 46k) the targets would be
@
TP1: 50k
TP2: 46k
TP3: 39k
the 39k seams far out but a true bottom is hard to find
- if weekly closes under 46k its over... 39k then we see what happens (if that can hold or not)
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