As you can see, we are bouncing off of our major fib. The two most vital levels, for this to not dump sooner than later, are above the fib (red line) and above 9090 which has acted as great support in the last weeks - and most recently, has been a huge resistance that we have not been able to get past. The next major support if we can't hold here, is just above...
Purple line and white line are being respected as great res and supports. made some great profits off using these two alone. To remain bullish, I would like to see us continue to use these lines as support and not just that, but get enough momentum off of them to get past and find new supports above 7k.
Bit of support on the fib channel. Bitcoin ( BTC ).
Bitcoin USD has broken out of this bearish pattern of the lower highs and lower lows, support has been established at 9507 this is where a bottom has been set on the 4 Hour chart where we had the breakout. And on the daily we have also broken out with a green candle on the daily.
In my previous post i play big attention to one area "X".
BTC (BTC/USD) LONG ! IntraDay :) .chanel H1 chanel +S+R Zone (for intraday)