Bitcoin key levels - is bottom in?
Updated
Just a short explanation since lot of things are said with trend lines . With this higher low BTC broke the trend of lower lows. It enables us to create upward channel using previous price levels. If we add fibs channel into this, confluence of trend lines and fibs channel marks key levels bitcoin has to break. I'm expecting 200-400$ dips at each key level btc comes to for the first time since trend of lower lows ended. 4H close below lower green trend line would invalidate this theory. Buy the dips if not invalidated, good luck !
Note
First target 10200 reached, dipped 300$,looking for 10750 now.In case of bigger dip target is to stay above 9700 on 4H.
Note
9700 successfully defended, next goal is to stand above the trendline of higher lows and take out first resistance.Note
10250 taken out once more, dipped 250$ as expected. Next level to be taken out and one of most important levels for maintaining the uptrend is 10600-10750.Note
aand it's gone.Trade closed: stop reached
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