CryproMinor

CryproMinor

FOR THE LAST 2-3 WEEKS, BITCOIN HAS BEEN IN AN UPTREND FORMATION FORMING SUPPORT AND RESISTANCE DIAGONALLY. NOW I HAVE TWO PREDICTIONS IF I MAY CALL IT SO. FIRST, BITCOIN WILL RETRACE (OR NOT) AND THEN PUMP UP BACK AGAIN. IT WILL RETRACE TO THE 0.5 - 0.618 FIB FROM ITS HIGHER LOW AND HIGHER HIGH. THEN IT WILL HAVE A RUN WHICH WILL LEAD TO ITS JOURNEY TO THE 10K...

CryproMinor

I recently saw this formation of higher highs and higher lows which indicate a bullish pattern for bitcoin. If the candles touch the resistance (red broken line) then the next move might be for long traders which is a 13% profit for your portfolio. If it touches the 9.7k resistance it might go up until 10.6k price range and stay on for a little longer.

CryproMinor

Bitcoin is forming several higher highs and higher lows which is a bullish pattern for many traders. Bitcoin retraces also retraces back to the support before breaking it’s resistance which is a good sign for day traders. Short and long strategies could be made with this trend.