I see a very ugly Bat pattern in the 30m $BTC chart.
This might lead to a buying opportunity however in under no circumstances this means that bitcoin is going to drop to that level.
My idea is that we should also watch traditional stocks such as S&P500 since bitcoin was correlating with it and, has failed to correlate with safe-havens such as gold. So, keep...
Bitcoin hitting major resistance at 9550 that has been both a support and a resistance.
We have a CME Futures gap at 9.2K.
My idea is that we see a fake breakout and then fill the CME gap and after that start to rise to the 11K level which was a resistance last year.
Also, in my opinion 10K is a big psychological level for Bitcoin for it is now a five digit...
If we go bellow the sell resistance we might see it flashing to 9.6Keks, since we're not post-halving yet, I do not think we'll another all time high and, something close to that.
If this works out, I'll be in, I haver order ranging from 9555 to 9665, if it doesn't I'll try to long the dip if that happens and I catch it.
Looking at the past I think this might...
$BTC still is inside the 0.786 and 0.618 Fibo limit. And also trying to break the 9330$ support constantly. Considering that it won't break it, it might first go down around 9100-8600$ and then come back up to 9600$ and if it all goes well and it finds a support there, surely it might go to 11.300$ which is its first big price aim in the long run.
This is just me...
