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9000

Easy as 1,2,3 A,B,.... CWave B: "Narrow, emotional advance. Aggressive euphoria and denial." The ride up to 20k was accompanied with multiple tests of the MA 150 with not a single break below. Here we've left it completely behind. This run has disregarded every legitimate possibility of considering itself an actual bull run, but price is going up so naturally we call it so. The herd goes one way, I go the other. Wave C: "Strength, breadth. Prices decline relentlessly. Fundamentals ultimately collapse in response." Could it be that easy?
COINBASE:BTCUSDShort
by Bohrbtc
1
BTCUSD goes super sayian once again! Can it hold above 9k?We can see here we have now reached the 8827 target we had for the breakout target of the small yellow falling wedge and have since broken above that. However, just above that we have found a candle rejection on a potential rising wedge pattern I have been watching develop over the past 2 weeks and this rejection is only giving further legitimacy to this wedge pattern. If the wedge is indeed legit, we all know rising wedges have a tendency to break to the downside so we must keep a close eye on how price action reacts here. Of course in this current bull run we have already broken up out of a rising wedge wedge once already so there's a chance we could do so once again. Since it is reacting to the wedge's top trendline resistance I have to leave this idea as neutral for now. Even if the wedge did ultimately eventually break down though there's still a chance we could have a big wick all the way to 9.6-10k before it came crashing down back into the wedge and then breaking down so there is still a way we could reach our original target and the wedge still gets validated...also a chance we blow right past the wedge...this is a very crucial range so vigilance is a must. However now that we have broken above 9k its time to bust out those Dragonball Vegeta memes while you still can. "IT'S OVER 9 THOOOOOOUUUUSSSSAAAANNNDDD!!!"
BITSTAMP:BTCUSD
by DrDovetail
Bitcoin: BTCUSD Double Top at 9000 - Caution Required Now Bitcoin Bitfinex Chart Update Double Top at 9000 Witching Hour - Caution Bitcoin reached a high at 8999 on Bitfinex overnight around mignight gmt - effectively a double top here after a 50% rally. As the futures chart shows the entire range from 9000 to 9225 is a powerful resistance zone and Bitcoin is clearly struggling to make headway above here. Additionally it has lost the longer term dynamic support and although buyers have appeared at the 8346 line it's more likely day traders scalping 200 points where they can. It's difficult now to keep a bull hat on from here ...it will have to break above the parallels guiding the current down-trend from the overnight high and then hold up at 8586 to change the picture back to near term positive - but even then the bigger rising dynamic now above price will be likely to hold back rally attempts from here - if we see this and you follow long again to use a stop under 8550 as any breakout from 8586 line cannot be trusted as others were - because of that overhead dynamic resistance line. Right now this is day traders' territory - the smaller rsisng dynamic running under price is their likely stop line and if breaks below it it will fall away to 8346-8300 again and then if this breaks to the lower parallel of the continuation pattern . All smaller 150 to 200 moves right now. But in near term Bitcoin is trying hard to penetrate the upper parallel of the continuation pattern - bulls don't want to quit still, but they're beginning to push against a closing door...that bigger rising dynamic now above it is likely to stop any rally from here...after a 3000 point 50% rally, where we first bought at 6200 and have bought every break out good and bad since, discretion has once more become the better part of valor for wiser Bitcoin bulls. We had our time. And now it's time to turn cautious again. Just be very careful if tempted in by this rally now...it can push higher because some still have bull hats on when they should really be looking for shorts from here - but that dynamic should stop them if they can push it that high. If you're still wearing your bull hat, tread carefully, is all.
BITFINEX:BTCUSD
by sumastardon
2
Bitcoin Futures: BTC1! Powerful Overhead Resistance from 9000 BITCOIN FUTURES BTC1! Back to the Futures Yesterday's comment referred to the 50% rally from 6000 to 9000 and just a little higher - Major Gann and Tesla numbers. Weekend comments also referred to Bitcoin Futures prices and the key reistance range stretching from 8971 up to 9224 and the problems Bitcoin will likely face on encountering this range...overnight Bitcoin reached 8999 on Bitfinex, effectively double topping at 9K before falling away once more. The 50% rally presented an excellent opportunity to gather some bull points but the downtrend here is clear to see, still unbroken as yet. Bitcoin is not out of the woods unless and until 9225 is taken and held by the bulls once more.
CME:BTC1!
by sumastardon