Clearly decreased from trend line resistance today. Sold near resistance - basis was near 8,600. Will re-enter if/when resistance lines are broken.
Long near 8,600 but now resistance on weekly
Exceeded cluster of pivots and previous high in 2018
Passing 10,350 today was quite bullish. COULD be nearing multi-week breakout.
Cost: 8,600 Support: 9800 Resistance: 10,200
Bitcoin is again battling resistance on the weekly chart (red diagonal trend line), but this resistance is upward sloping. If this resistance is broken, then the next resistance should be near 10,152.50 (red Fibonacci horizontal line). The overall weekly trend remains quite bullish, so I have chosen to speculate that both red resistance lines (as well as higher...
If price does not start pulling back at 10,350, then we could see a parabolic bullish move of the sort not seen for many months. The weekly chart is also very bullish.
Fibonacci EMA rainbow flip, with support down to roughly 8,600 (my current basis)
To @cryptoGats - Per my original 2h post, I am long again as of this morning (my previous 2h long started on Jan 27). Dude, you have been promoting your new website at the expense of your trusting followers by making your setup far too complex (in a nutshell), especially during a time when the weekly chart has been bullish, which I started pointing out on Jan...
Currently near midpoint and close of January's bar. Clear areas of support. Watching...