So we are breaking out the downtrend line. Alerted about 6900$ in one of last analysis. Another part of my long position closed. At this moment watching what will happen here. If we close on daily interval above downtrend line - will be bullish sign. Next target 11 900 - 12 200.
I've been waiting for this moment. Crossing 9400-9500. Then my next resistance levels: 10 000 10 400 10 800 11 200 11 600-700 All the time closing position partially. What is important - currently Bitcoin is up, Altcoins up. Remember old correlation - it should and it will change soon.
970$ that I mentioned almost reached. Partially closed position.
So far so good. As I mentionedi in last post: 10 000 10 400 10 800 11 200 11 600-700 Levels that I've been watching. Basically most important is downtrend line. Partially closing position on each mentioned level.
At this moment watching 970$ then 1020$ as next resistance level. So far great bounce from lows. I'm still long. Moving below 900-910 - then I will close some. Please check last analysis of ETHUSD (link to related ideas).
Update on USDBTC. Target still on 9400-9500. Watching this channel.
960-975$ as a next target looks really good. But all depends if BTC will break 8100-8300 level.
What a day on BTCUSD. At this moment I'm long. I will add to position on this breakout.
What I've been watching at this moment. If we breakout - I think 11-12k$ should be reached. But first 9700 will need to be tested. If we breakdown - I think 8300-8000 will be tested soon and then 7700-7800.
Watching at this moment at 8300 to 7800 for a bounce. Very important support area.
I've been watching this trendline. If break - we can move down to 10 100 - 10 200$.
At important support level 11 050 - 11 080. Watch it. If it breaks, then 10 600 coming.
What I've been watchin now. 11 900 - 12 200 as main resistance. If we break it - 14-15k at least. For short side - 10 600 - 10 800 with target at 8300-9300$.
I trade on this downtrend breakout. My target is 11400-11500 then 12 200$.
BTC still looks not good. Lower highs on both hourly and daily chart. Which means nothing good. At this moment watch: 12 800 11 600 10 600 10 000 9200 8300
Update on BTC/USD. Next important support is around 11 600-11 700.
14 000$ is the key at this moment. Then downtrend line. Watch it carefully.